DMCI Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 07, 2024 at 05:49 am EST
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DMCI Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was PHP 30,434 million compared to PHP 28,299 million a year ago. Net income was PHP 4,704 million compared to PHP 3,462 million a year ago. Basic earnings per share from continuing operations was PHP 0.35 compared to PHP 0.26 a year ago.
For the full year, the company reported sales was PHP 122,829 million compared to PHP 142,600 million a year ago. Net income was PHP 24,722 million compared to PHP 31,090 million a year ago. Basic earnings per share from continuing operations was PHP 1.86 compared to PHP 2.34 a year ago.
DMCI Holdings, Inc. is a Philippines-based holding company. The Company is engaged in general construction, coal and nickel mining, power generation, real estate development, and manufacturing of construction materials. The Companyâs segments include Construction and others, Coal mining, Nickel mining, Real estate, On-grid Power, Off-grid Power, and Water. Construction and others segment is engaged in various construction projects and construction-related businesses such as production and trading of concrete products, handling steel fabrication and electrical, and foundation works. Coal mining segment is engaged in the exploration, mining and development of coal resources on Semirara Island in Caluya, Antique. Nickel mining segment is engaged in mining and selling nickel ore from existing stockpile in Acoje mines in Zambales and Berong mines in Palawan. Real estate segment is focused on mid-income residential development carried under the brand name DMCI Homes.