DMCI Homes to spend P10B on expansion this year | ABS-CBN
ADVERTISEMENT

Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
DMCI Homes to spend P10B on expansion this year
DMCI Homes to spend P10B on expansion this year
ABS-CBN News
Published Aug 12, 2016 01:21 PM PHT

MANILA - DMCI Homes on Friday said it would spend over P10 billion this year to fund its expansion, as sales in the first six months of the year grew 25 percent.
MANILA - DMCI Homes on Friday said it would spend over P10 billion this year to fund its expansion, as sales in the first six months of the year grew 25 percent.
The developer will launch five projects in the second half to meet strong demand from middle-class buyers, DMCI Homes president Alfredo Austria said.
The developer will launch five projects in the second half to meet strong demand from middle-class buyers, DMCI Homes president Alfredo Austria said.
Residential sales and reservations grew 25 percent to 3,753 residential units in the January to June period from 3,011 during the same period last year, the company said.
Residential sales and reservations grew 25 percent to 3,753 residential units in the January to June period from 3,011 during the same period last year, the company said.
Total reservation sales went up 39 percent to P13.5 billion, it added.
Total reservation sales went up 39 percent to P13.5 billion, it added.
ADVERTISEMENT
Earnings for the period, however fell 59 percent to P708 million due to slower collections.
Earnings for the period, however fell 59 percent to P708 million due to slower collections.
DMCI Homes shares were down 3.44 percent to P12.36 in noon trading.
DMCI Homes shares were down 3.44 percent to P12.36 in noon trading.
Read More:
DMCI Homes
ADVERTISEMENT
ADVERTISEMENT