DMCI Holdings 9-mth net income drops 50% to P7.54B

THE ConsuNji family-owned DMCI Holdings Inc. saw its January to September net income shrink by almost 50 percent on the absence of extraordinary gain after it sold part of its stake in Maynilad Water Services Inc.

In a disclosure to the Philippine Stock Exchange, the company said its net income for the first nine months dropped to P7.54 billion from last year’s P16.39 billion.