As of end June, DMCI
has completed 62 percent of the entire LRT Line 2 East Extension project.
Mining said total nickel ore shipment reached 681,000 wet metric tons(WMT) in the first half of the year, higher than the 483,000 WMT in the same period last year.
Mining's other nickel asset, Zambales Diversified Metals Corporation (ZDMC), has complied with the conditions set by the Department of Environment and Natural Resources (DENR) for the lifting of its November 2018 suspension order.
'We had a tough first-half because of lower average selling price of coal, higher replacement power costs, provisions for project cost overruns and lower average price for our lower grade nickel,' DMCI
Holdings Chairman and President Isidro Consunji said in a statement.
Homes' total landbank has expanded to 150 hectares as of end-March this year from 125 hectares in the same period last year.
Mining, part of the Philippines-based diversified group DMCI
Holdings Inc (PSE:DMC), launched a mandatory offer for the rest of Toledo early in March after in February it increased its stake in the target to some 37.7%.
Rhapsody Residences unit owner and TechKnights Robotics founder and managing partner Kit Almeda, for his part, thanked DMCI
Homes for providing a venue for a good learning environment.
"The significant sales growth in Palawan is attributable to the increase in DMCI
Power's level of dispatch following the expiration of Delta-P's old power supply contract in April," said DMCI
Power president Nestor Dadivas.
"We exceeded our first half target and expect further boost from our second half launches," DMCI
Homes President Alfredo Austria said in a press briefing.
Excluding nonrecurring items, DMCI
's core net income fell by 28 percent year-on-year to P3 billion, the company disclosed to the Philippine Stock Exchange.
"What the DOTr (Department of Transportation) told me is that it is already being designed and the government will fund it," DMCI
president and chief executive officer Jorge Consunji said.
Homes recorded a 36 percent drop in net earnings contribution from P1.8 billion to P1.2 billion due mainly to the absence of one-time gain from the sale of land in 2018.