DM Consunji bags P10.6 B worth of new projects

D.M. Consunji Inc. (DMCI), the construction arm of DMCI Holdings Inc., has bagged P10.6 billion worth of new projects from January to September, raising its total order book by 15 percent.

Projects include new buildings, big-ticket infrastructure projects, energy developments and upscale residential projects.

Building projects accounted for most of the order book at P12 billion, closely followed by infrastructure projects at P11.9 billion.

Contracts for plant and utilities breached P2.5 billion, while energy projects reached P2.1 billion.

Among the newly-signed projects of DMCI are Metro Manila Skyway Stage 3 Nagtahan Rampway, Connor of Ortigas Co., the STRC Apartment Ridge of ST 6747 Resources Corp., plant expansion projects of JG Summit Petrochemical Corp., DLS-College of St. Benilde Academic, Sports and Dormitory Buildings, among others, said DMCI senior vice president Rebecca Civil.

Meanwhile, major ongoing projects include the Cavite-Laguna Expressway project of MPCALA Holdings, the Bued Viaduct and Roadway of Private Infra Dev Corp., LRT 2 East (Masinag) stations under the Department of Transportation, Maven at Capitol Commons of Ortigas. and Anchor Grandsuites of Anchor Land Holdings.

DMCI president and CEO Jorge Consunji said the company’s order book is skewed toward private sector-led construction projects.

“But we expect more bigticket projects under the Build, Build, Build program to come on-stream within the next few months,” Consunji said.

“2019 will be a busier year for public construction, and we are very eager to participate in the infrastructure modernization program of the government,” he added.

DMCI recorded a net in- come of P1.1 billion in the first nine months, a 21 percent improvement year on year.

For the third quarter alone, net earnings rose 19 percent to P343 million.