DMCI construction unit bags P10.6B worth of contracts
D.M. Consunji, Inc. (DMCI) has secured P10.6 billion worth of new projects in the first nine months, raising its total order book by 15 percent to P28.5 billion.
?Right now our order book is skewed towards private sector-led construction projects but we expect more big-ticket projects under the Build, Build, Build program to come on-stream within the next few months,? said DMCI president and CEO Jorge A. Consunji.
Building projects accounted for most of the order book at P12 billion, followed by infrastructure projects valued at P11.9 billion. Contracts for plant and utilities breached P2.5 billion while energy projects amounted to P2.1 billion.
Among the company?s newly-signed projects are Metro Manila Skyway Stage 3 Nagtahan Rampway, Connor of Ortigas & Co., the STRC Apartment Ridge of ST 6747 Resources Corporation, plant expansion projects of JG Summit Petrochemical Corporation, DLS-College of St. Benilde Academic, Sports and Dormitory Buildings, among others.
Meanwhile, major ongoing projects include the Cavite-Laguna Expressway project of MPCALA Holdings, Inc., the Bued Viaduct and Roadway of Private Infra Dev Corporation, the LRT 2 East (Masinag) Stations under the Department of Transportation, Maven at Capitol Commons of Ortigas & Co. and Anchor Grandsuites of Anchor Land Holdings.
?2019 will be a busier year for public construction, and we are very eager to participate in the infrastructure modernization program of the government,? Consunji said.
DMCI logged a net income of P1.1 billion from January to September, up 21 percent year on year. For the third quarter, net earnings rose 19 percent to P343 million.