Construction conglomerate DMCI Holdings said its net income for the first 9 months of the year went down 28 percent.
MANILA -- Construction conglomerate DMCI Holdings on Wednesday said its net income for the first 9 months of the year went down 28 percent to P20 billion on the back of normalizing coal and nickel prices.
Contribution from DMCI Mining also fell by 48 percent to P569 million from P1.1 billion largely because of lower selling prices and higher costs. DMCI Homes contributed P3.8 billion, as lower percentage of project completion was cushioned by better selling prices and higher income from sales cancellations.
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