Construction firm D.M. Consunji Inc. (DMCI) said its order book recorded a decline in nine months due to the slowdown in project bidding and contract awarding from both the public and private sectors. Know more:
Construction firm D.M. Consunji Inc. said its order book recorded a decline in nine months due to the slowdown in project bidding and contract awarding from both the public and private sectors.
This, after P8.4 billion worth of contracts and P1 billion in change orders were recorded against P13.3 billion in construction accomplishments last year. “Public infrastructure projects could provide some upside but it would still depend on the rollout strategy and spending priorities of the national government.”
DMCI reported a nine-month net income of P796 million, 1 percent higher than the P785 million recorded a year ago.
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