DMCI Power net income slips 5%

CONSUNJI-LED DMCI Power Corp. (DPC) said net income in the first nine months of the year slipped 5 percent to P324 million following the expiration of its income tax holiday (ITH) for its Masbate operations in September 2016.

Consolidated revenues climbed 18 percent to P2 billion from P1.7 billion in the same period last year, DPC’s parent firm, DMCI Holdings, Inc., told the local bourse on Tuesday.