DMCI Holdings, Inc.
DMCI keeps 20% profit growth forecast in 2011
Wednesday, 27 July 2011 18:34 Miguel R. Camus / Reporter
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DMCI Holdings Inc., the listed holding company of the Consunji family, is keeping its 20-percent profit growth outlook for 2011, given the favorable trajectory of most of its core units.

In an interview with reporters following the annual stockholders’ meeting on Wednesday, DMCI president Isidro Consunji said net income this year is on track to reach between P9 billion and P10 billion, versus the PP7.89 billion booked in 2010.

Last year’s profit was buoyed by the one-time gain from the sale of steel manufacturing unit Atlantic Gulf & Pacific Company of Manila Inc. in December.

Consunji said 2011 earnings will be led by its water, real estate, mining and power businesses through Maynilad Water Services Inc., DMCI Homes and Semirara Mining Corp.

Construction unit D.M. Consunji Inc., however, expects flat growth or even post a decline by up to a fifth given the slower-than-expected rollout of government infrastructure projects, which typically provide higher margins versus private sector contracts.

Growing contributions have been coming from coal mining and power firm Semirara which has benefited from higher coal prices and electricity sales.

Consunji said Semirara has a “good chance” of exceeding the upper end of its full-year profit target of P5.6 billion, which was equivalent to a 40-percent gain from the 2010 earnings.

He said Semirara will go solo with the expansion of its 600-megawatt (MW) coal-fired plant in Calaca, Batangas. The first phase will involve the construction of 300 MW of new capacity starting early 2012 at a cost of $450 million.

Consunji said half of that amount will be financed through borrowings, reiterating earlier statements. He said talks are ongoing with lenders.   

Semirara is already in talks with Chinese groups that will supply the equipment to build the said power plant, which is expected to be completed in 36 months.

The company has also obtained board approval to build another 600-MW facility in Calaca, but Consunji said plans to build the remaining capacity will depend on future demand.

DMCI shares added 0.54 percent to P46.10 each on Wednesday trading while Semirara slid 2.75 percent to P233.40.
hopefully dmc reaches 48 soon...
Gusto ko P54!!!
54?Big Grin sana mag-sale to sa ghost month para makapasok ulit.
nihil timendum est.
DMCI plans $450-M power plant expansion

MANILA, Philippines - Conglomerate DMCI Holdings Inc. aims to grow its net profit by 20% this year and is planning additional borrowing to partly fund the $450-million expansion of its coal-fired power plant, its president said on Wednesday.

The $2.9 billion company, with interests in infrastructure, water utility, real estate and coal mining, may tap peso-denominated loans to finance the capacity upgrade of its 600-MW Calaca power plant, Isidro Consunji told reporters after the company's stockholders' meeting.

He said the expansion project would start early next year and may be completed in three years. Another 300 MW capacity could be added to the Calaca facility, located in Batangas province south of the capital, depending on power demand, he said.

"We are negotiating now with Chinese equipment suppliers for the power plant and we are looking for funding," Consunji said, adding that half of the project cost would be funded by loans.

DMCI is targeting net profit of between P9 billion and P10 billion this year, 14% to 27% higher from P7.9 billion last year.

Shares in DMCI rose 0.6% on Wednesday and was hovering around two-month highs as the broader market index edged up 0.4%.

The stock has risen about 27% this year, outperforming the main index's 6% rise.

DMCI Holdings’s 1st semester net profit grows by 26% to P5.3B
By: Doris C. Dumlao
Philippine Daily Inquirer
5:31 pm | Monday, August 15th, 2011

MANILA, Philippines — Consunji-led DMCI Holdings improved its first semester net profit by 26 percent year-on-year to P5.3 billion as higher revenues from mining, real estate, electricity and water made up for the slack in its traditional construction business.

“Despite a slight dip in general construction and the non-inclusion of the steel fabrication business, significant growth in the coal and nickel mining segments along with the sustained improvement in the real estate, water and power segments caused the increase in the company’s bottom line,” the company reported to the Philippine Stock Exchange on Monday.

Mining was noted as the main driver of the profit growth in the first half, which was in turn attributed to higher coal prices and the improved operations in the direct shipping of nickel ore.

Net income from coal sales surged by 160 percent to P1.82 billion from a year ago while nickel ore sales also jumped by 166 percent to P342 million from a year ago.

The real estate and power sectors contributed P845 million and P850 million, respectively, which were up by 11 percent and 16 percent.

The water business via its equity interest in Maynilad Water Services Inc. contributed P946 million in net income, up by 4 percent.

This year also marks the non-inclusion of Atlantic Gulf & Pacific Company of Manila, Inc., the company’s previously owned steel fabrication, which was sold in December 2010.
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Commodity, utilities push DMCI earnings

Commodities and utilities drove earnings of Consunji-led DMCI Holdings Inc., lifting profit for the first half of the year to P5.3 billion, 26 percent higher than last year’s P4.2 billion.

Coal sales under unit Semirara Mining Corp. (Semirara) contributed the biggest share of the profit at P1.82 billion, followed by water concession unit Maynilad Water Services Inc. (Maynilad), and electricity, folded into Semirara’s asset, which stood at P946 million and P850 million, respectively.

The firm’s other operations such as real estate contributed P845 million while construction and nickel ore sales accounted for P486 million and P342 million, respectively.

DMCI said it took advantage of the dry season in the first half to maximize its capacity in the coal business, which increased its output to 49.14 million bank cubic meters, or 65 percent of its full-year capacity of 75 million.

"With a strip ratio of 11.2:1, total run-of-mine coal produced was 4.12 million metric tons (MMT). The high ratio was due to pre-stripping done to expose around 600,000 MT. This was done to ensure that production will not be disrupted during the rainy season. Clean coal production stood at 3.4 MMT, while washable coal totaled to 720,593 MT. The resulting net product coal was 3.83 MMT metric tons," the company said in a regulatory filing.

The high coal sales of 4.16 MMT, meanwhile, underscored the strong demand for Semirara coal, DMCI noted, adding that export demand recovered from a slight slump in the first quarter. The domestic demand remained steady during the period.

The power segment posted a total gross generation of 1.07 terrawatt hours (TWhr) of power with the Calaca power plants’ Unit 1 and 2 generating 488 gigawatt hours (GWh) and 584 GWh, respectively.

"The average capacity of Unit 1 was at 155 megawatts (MW) with 52 percent utilization. On the other hand, Unit 2 registered an average capacity of 202 MW with 67 percent utilization. The dependable capability of Units 1 and 2 registered 158 MW and 300 MW, respectively," said DMCI.

SOURCE: Malaya Business Insight
DMCI Homes to exceed targets in the next 2 years

MANILA, Philippines — DMCI Holdings Inc. expects its housing subsidiary DMCI Project Developers Inc., which uses the brand name DMCI Homes, to post double digit sales growth and exceed targets this year and in 2012.

In an interview, DMCI president Isidro Consunji said he expects reservation sales to register a 22 percent growth in sales to P18 billion in 2011 from P14.7 billion last year.

“Our official target for sales reservation is P13 billion, but we will probably hit P17 to P18 billion. We exceeded our (first half) target,” said Consunji.

He notted that sales will be boosted by the launch of new projects. DMCI Homes has launched a project at the corner of E. Rodriguez and Tomas Morato in Quezon City and a mid-rise building project near the mall of Asia while two more will be launched later this year.

"We expect to grow our sales reservation between 10 to 20 percent every year. We targeted P13 billion, we'll probably hit P18 billion this year. We target P20 billion next year, we'll probably hit P22 billion," Consunji said. For the first half of 2011, DMCI Homes experienced an increase in sales and reservation of 45 percent from P6.9 billion in the first half of 2010 to P10 billion in the first semester of 2011.

Increasing demand for DMCI housing units coming mainly from new projects: La Verti Residences in Taft, Pasay City; the Redwoods in Fairview, Novaliches; Siena Park in Bicutan Paranaque and Stellar Place in Quezon City pushed marketing sales to new heights.

Moreover, increased take up from existing projects East Raya and Magnolia Place also added to the growth in sales and reservations.

DMCI Homes reported that sales and reservations last year expanded to P14.7 billion, up by 69 percent from the P8.7 billion in 2009 due to a combination of a growing demand for near-city dwelling units and the value the DMCI housing unit brings.

The global credit crunch in 2008 and 2009 also helped depress the 2009 results so 2010 results were coming off a lower base.

first time nag NFB kahapon ito 15 M... Sana tuloy tuloy na NFB, lakihan pa sana double bottom ito....
DMC: A case of good management
By: Den Somera
Philippine Daily Inquirer
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.

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