DMCI Holdings net income dips 6% to P9.2B

ENGINEERING conglomerate DMCI Holdings Inc. said its net income in the first nine months of the year dipped 6 percent to P9.2 billion on weaker profit contributions from some of its businesses while consolidated revenues were flat at P45.1 billion from P45.6 billion a year ago.

Excluding a one-time gain of P111 million from the sale of its 10 percent stake in Subic Water and Sewerage Company, DMCI’s core net income slipped by 2 percent to P9.1 billion in the period.