Press Release: DMCI Power sales volume up 19% in H1
August 22, 2019 at 04:13 am EDT
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C05862-2019
SECURITIES AND EXCHANGE COMMISSION
SEC FORM 17-C
CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER
Date of Report (Date of earliest event reported)
Aug 20, 2019
SEC Identification Number
AS095002283
BIR Tax Identification No.
004-703-376-000
Exact name of issuer as specified in its charter
DMCI Holdings Inc.
Province, country or other jurisdiction of incorporation
Philippines
Industry Classification Code(SEC Use Only)
Address of principal office
3/F Dacon Bldg. 2281 Chino Roces Avenue, Makati City
Postal Code
1231
Issuer's telephone number, including area code
8883000
Former name or former address, if changed since last report
N/A
Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common
13,277,470,000
Preferred
960
11. Indicate the item numbers reported herein
Item no. 9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
DMCI Holdings, Inc.
DMC
PSE Disclosure Form 4-31 - Press Release
References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
DMCI Power sales volume up 19% in H1
Background/Description of the Disclosure
DMCI Power Corporation (DPC) recorded a 19 percent increase in sales volume for the first half of the year following an upsurge in power demand and improvement of distribution and transmission line systems in key operating areas. Sales volume reached 169.50GWh compared to 142.91GWh the previous year.
The Palawan segment accounted for 43 percent of the total sales volume, followed by Masbate and Oriental Mindoro at 35 percent and 22 percent, respectively.
"The significant sales growth in Palawan is attributable to the increase in DPC's level of dispatch following the expiration of Delta-P's old power supply contract in April," said DPC President Nestor Dadivas.
"Our Palawan power plants became the second priority in terms of energy dispatch so we were able to maximize our contractual capacity in the area," he elaborated.
Meanwhile, the continuous rehabilitation of the 69kv transmission lines in Oriental Mindoro and on-going improvement of distribution lines in Masbate accounted for the double-digit sales growth in both provinces.
On a standalone basis, DMCI Power grew its first semester bottomline by 10 percent year-on-year, from P213 million to P234 million.
Established in 2006 to provide sufficient and reliable electricity to missionary areas, DPC is one of the biggest off-grid energy players in terms of total installed capacity in the Philippines.
DMCI Holdings Inc. published this content on 22 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 August 2019 08:12:02 UTC
DMCI Holdings, Inc. is a Philippines-based holding company. The Company is engaged in general construction, coal and power generation, real estate development, water concession, nickel mining and manufacturing. Its five major subsidiaries include D.M. Consunji, Inc. (DMCI), DMCI Project Developers, Inc. (PDI), Semirara Mining and Power Corporation (SMPC), DMCI Power Corporation (DPC) and DMCI Mining Corporation. DMCI is engaged in general construction services, as well as various construction component businesses, such as the production and trading of concrete products and electrical and foundation works. PDIâs core products include residential condominium units with resort-inspired amenities in mid-rise and high-rise developments in Metro Manila and other key areas in Luzon, as well as in Cebu and Davao City. SMPC is engaged in the exploration, mining, development and sales of coal resources on Semirara Island in Caluya, Antique. DPC is engaged in the business of a generation company.