D M Wenceslao net income boosted by CREATE Law
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D M Wenceslao H1 income rises by 18% to ₧852 82M
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Published March 15, 2021, 3:48 PM
D.M. Wenceslao and Associates, Inc. reported a 10 percent decline in consolidated attributable net income to P2.13 billion last year from the P2.37 billion earned in 2019.
In a disclosure to the Philippine Stock Exchange, the firm said it recorded consolidated revenues of P2.73 billion for 2020, a 22 percent drop from P3.51 billion reported in the previous year.
DMWAI’s residential segment finished strong in 2020, registering a substantial 37 percent increase totaling P749.3 million compared to the P547.65 million reported in 2019.
As of December 2020, the Company has successfully turned over 91 percent of its inventory and recognized revenues amounting to P1.25 billion for its first residential project, Pixel Residences.