NEWS
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2019 NEWS
⇒ DMCI order book up 12% in 2018
DMCI order book up 12% in 2018
Premier
Philippine contractor D.M. Consunji, Inc. (DMCI) signed P12 billion worth of
new projects in 2018, raising its order book by 12 percent year-on-year from P24.8
billion to P27.9 billion. Building
and infrastructure contracts accounted for the bulk of the order book at P11.2
billion and P11.1 billion, respectively. Energy projects reached P2.7 billion,
while the value of plant and utilities contracts totaled P2.9 billion. DMCI
bagged two notable projects in 2018, which include the first Ikea store in the
Philippines and The Estate Makati, the ultra-luxury residential condominium
project of SMDC and Federal Land. Once
completed, this Ikea outlet will be the biggest in the world at 65,000 square
meters. The Estate Makati, on the other hand, is the first residential building
in the country to be constructed using double-slab technology, allowing owners to
fully customize the layout of their units. “Building
pioneering structures is at the core of our DNA. We are grateful and excited to
be part of these projects,” said DMCI President and CEO Jorge A. Consunji. In the
1950s, DMCI built the Picache building in Plaza Miranda, which was considered
as the first real skyscraper in the Philippines. At that time, the 12-storey
structure proved that buildings could go higher than 10 floors. DMCI also
built SM Megamall in the late 1980s. The integrated shopping mall has a total
floor area of 311,898 square meters, and is widely credited for driving the “malling”
lifestyle in the country. On a
stand-alone basis, DMCI recorded a full-year net income of over P1.6 billion in
2018, a 22 percent jump from P1.28 billion the previous year. |
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