DMCI said in a disclosure to the stock exchange net income surged 73 percent in the second quarter to a record P9 billion from P5.2 billion the same period last year.
“We had a very strong first half because of elevated market prices. If the current trend holds till October, we hope to declare another round of special dividends for our shareholders before year-end,” said DMCI chairman and president Isidro Consunji. Semirara coal’s average selling price improved by 126 percent to a record high of P5,399 per metric ton from P2,393/MT as index prices continued to spike during the period.
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