DIVERSIFIED engineering conglomerate DMCI Holdings (DMCI) booked P3.7 billion net profit for the first quarter of 2017, up 22 percent from the previous year, backed by the strong performance of its 56-percent owned subsidiary Semirara Mining and Power Corp. (SMPC).
Core net income rose 26 percent, excluding a one-time gain of P111 million in 2016 for the partial sale of its stake in Subic Water.
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