D.M. Wenceslao & Associates, Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 13, 2023 at 09:11 pm EDT
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D.M. Wenceslao & Associates, Incorporated reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 571.1 million compared to PHP 546.16 million a year ago. Revenue was PHP 917.55 million compared to PHP 779.4 million a year ago. Net income was PHP 387.29 million compared to PHP 372.23 million a year ago. Basic earnings per share from continuing operations was PHP 0.11 compared to PHP 0.11 a year ago. Diluted earnings per share from continuing operations was PHP 0.11 compared to PHP 0.11 a year ago.
For the six months, sales was PHP 1,171.98 million compared to PHP 1,106.51 million a year ago. Revenue was PHP 2,014.3 million compared to PHP 2,360.35 million a year ago. Net income was PHP 912.95 million compared to PHP 1,332.73 million a year ago. Basic earnings per share from continuing operations was PHP 0.27 compared to PHP 0.39 a year ago. Diluted earnings per share from continuing operations was PHP 0.27 compared to PHP 0.39 a year ago.
D.M. Wenceslao & Associates, Incorporated is a Philippines-based integrated real estate development and construction company. The Company is engaged in the trade and business of general builders and contractors and related activities, such as acting as specialty construction contractors, supervisors, or managers in all cases of constructions, erections and works both public and private, real estate business and leasing. Its segments include Rentals, which is engaged in leasing of real estate properties, including land and building and other structures; Construction segment, which is engaged in general construction business, which involves site development, earthworks, structural and civil works, masonry works, architectural finishes, electrical works, plumbing and sanitary works, fire protection works and mechanical works, and Sale of Land and Condominium Units segment, which is engaged in development and sale of industrial and other parcels of land and residential condominium units.
D.M. WENCESLAO & ASSOCIATES, INCORPORATED 
