DMCI Holdings nets P6.2B in H1, down 5%

CONSUNJI-LED infrastructure conglomerate DMCI Holdings Inc. said its net income dipped by 5 percent to P6.2 billion in the first six months of the year from P6.6 billion a year earlier due to lower contributions from its real estate, nickel mining and water businesses.

The company also recorded a P210.6-million one-time gain from the sale of its 10 percent stake in Subic Water to the city of Olongapo. Without this one-time gain, the company’s core net income declined 7 percent from a year ago to P6.1 billion.