September 18, 2014 8:13 PM ET

Construction and Engineering

Company Overview of DM Consunji Inc.

Company Overview

DM Consunji Inc. offers construction services and is based in Makati City, Philippines. DM Consunji Inc. is a subsidiary of DMCI Holdings Inc.

3/F Dacon Building

2281 Pasong Tamo Ext.

Makati City,  

Philippines

Founded in 1954

Key Executives for DM Consunji Inc.

DM Consunji Inc. does not have any Key Executives recorded.

DM Consunji Inc. Key Developments

DM Consunji Inc. Announces Financial Results for the First Quarter of 2014; Revised Earnings Guidance for the Year of 2014

DM Consunji Inc. announced financial results for the first quarter of 2014. In the first quarter, net profit dropped to PLN 3.48 billion from PLN 10.65 billion a year earlier, while gross revenue fell to PLN 14.19 billion from PLN 22.03 billion. The company revised earnings guidance for the year of 2014. The company is expecting full-year profit to be little changed, with its performance weighed down by expected losses in its power business and lower margins from its construction subsidiary. The company is expecting between PLN 9-10 billion in core profit for 2014, slightly lower than the PLN 10.6 billion it reported the previous year.

First National Energy Corp. Awards P206-Million Contract to DM Consunji Inc. and Power Dimension, Inc

First National Energy Corp. (Napocor) has awarded the P206-million contract to improve electricity transmission services in Masbate province. The project involves supply and installation of a 76-kilometer (km), 69-kilovolt transmission line that will connect the municipalities of Mobo and Cataingan. DM Consunji Inc. bagged the contract for the 34-km segment of the project, while Power Dimension Inc. got the remaining 42-km portion. Napocor said completion of the project should result in "significant reduction in system loss, which in turn would also mean that less generation is needed to deliver a certain amount of power to consumers." At the same time, the new transmission line will accommodate energy from future power plants that are needed to address increasing demand. The project is part of the missionary electrification development plan of the government.

D. M. Consunji, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2013

D. M. Consunji Inc. reported earnings results for the second quarter ended June 30, 2013. For the period, the company net income attributable to majority stakeholders grew 12% to PHP 675 million from PHP 601 million due mainly to billable works done for building projects.

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