This surge was fueled by robust leasing activities, stable residential sales, and one-time gains of Php5.6 billion from the consolidation of a joint venture entity.
Excluding these extraordinary items, DMW's core net income stood at P1.7 billion, marking a 10 percent increase from the previous year, driven by continued strong performance in leasing operations.
The growth in leasing revenues, which rose by 19 percent to P2.6 billion, reflects increased demand and the successful launch of Parqal, enhancing DMW's portfolio.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
