Revenues during the period fell by 17 percent to P27.4 billion on lower coal, nickel and electricity prices while the construction segment recognized lower income, amplified by rising real estate cancellations. On the other hand, Maynilad Water Services and DMCI Power booked growth.
“To mitigate these external challenges, we will focus on improving operational efficiency and refining our marketing strategies to enhance the value of our products and services,” he added.
Last month, DMCI announced the P17.6 billion acquisition plan of Cemex Philippines, which it hopes to close before the end of 2024.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
