DFC Holdings hikes equity stake in DMCI

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DFC Holdings Inc., a privately owned firm of the Consunji family, has raised its shareholding in listed conglomerate DMCI Holdings Inc.

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In a disclosure on Tuesday, DMCI said DFC boosted its stake in DMCI on two occasions –August 27 and August 28 – covering P28.177 million.

In the August 27 deal, DFC acquired 2.065 million shares at P11.01 each for a total transaction of P22.741 million. The August 28 deal covered 486,500 DMCI shares at P11.17 each or P5.436 million for the lot.

The purchases are in line with the Consunji family’s goal of raising its equity interest in DMCI from 17.85 percent as of end-2014.

DMCI’s net income in the first six months of 2015 increased to P8.816 billion from P6.29 billion a year earlier. Revenues reached P30.46 billion, slightly up from P29.46 billion.

DMCI Holdings is a listed conglomerate also led by the Consunji family, and serves as parent to DMCI Homes, D.M. Consunji Inc., DMCI Project Developers Inc., Semirara Power and Mining Corp., and Maynilad Water Services Inc.

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