Consunji-led DMCI Holdings Inc. is eyeing another round of special dividends this year, after doubling its core net income in the second quarter on the back of growth in its core businesses during the period.
The company’s core net income for April to June grew by 113% to P9 billion from P4.2 billion last year.
This excludes P37-million worth of nonrecurring gains from involving deferred tax liabilities due to the Corporate Recovery and Tax Incentives for Enterprises (CREATE) signed into law in March 2021.
Consolidated profits for the quarter increased by 73% to P9 billion from P5.2 billion as prices of coal, electricity, and nickel increased along with higher revenue from the firm’s real estate business.
Semirara Mining and Power Corp. (SMPC) contributed P6.1 billion during the quarter, up 161% from P2.3 billion last year, while DMCI Homes posted a 63% increase in its contributions to P1.3 billion from P804 million.
DM Consunji Inc. recorded a 467% growth in its contributions to P516 million from P91 million, DMCI Mining up 27% to P510 million from P403 million, and DMCI Power up 35% to P205 million from P152 million.
DMCI Holdings’ associate Maynilad Water Services Inc. recorded a 9% decline in contributions for the quarter to P393 million from P431 million, due to the flattish billed volume and higher costs.
The latest figures brought the first-half core net income up 144% to P20.3 billion from P8.3 billion, higher than the full-year net income of P18.4-billion net income recorded in 2021.
“We had a very strong first half because of elevated market prices. If the current trend holds till October, we hope to declare another round of special dividends for our shareholders before year-end,” DMCI Holdings Chairman and President Isidro Consunji said in an emailed statement. — RSJ, GMA News
DMCI Holdings eyes special dividends as core net income up 113% in Q2
Source: News Panda Philippines
0 comentários :
Post a Comment