Of the total capex for this year, P46.5 billion will go to DMCI Homes for the launching of its planned developments, followed by SMPC with P8.44 billion, DMCI Power with P1.33 billion, construction company DM Consunji Inc. with P570 million, and nickel miner DMCI Mining with P100 million. DMCI said it expects single-digit growth in net income this year after a flattish performance in 2016. “The double-digit growth of our energy and construction businesses were offset by the sharp drop in profitability of DMCI Homes, DMCI Mining and Maynilad,” DMCI Holdings Chairman and President Isidro A. Consunji said. Net income contributions from DMCI Homes and Maynilad fell by 46 percent and 19 percent, respectively, to acombined P1.9 billion. The following month, another DMCI Mining unit Zambales, Diversified Metals Corp. was served a suspension order for alleged “social issues.”

Source: Manila Times March 17, 2017 17:03 UTC