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× DMCI nets P2.9B

MANILA, Philippines -- Consunji-led engineering conglomerate DMCI Holdings Inc. saw a 26-percent year-on-year drop in first quarter net profit to P2.9 billion as the slump in coal prices and reduced power generation gnawed on the earnings contribution of Semirara Mining and Power Corp.


Excluding non-recurring items, DMCI's core net income fell by 28 percent year-on-year to P3 billion, the company…