D.M. Wenceslao & Associates, Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 13, 2022 at 09:00 pm
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D.M. Wenceslao & Associates, Incorporated reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 488.37 million compared to PHP 484.77 million a year ago. Revenue was PHP 823.18 million compared to PHP 761.7 million a year ago. Net income was PHP 377.15 million compared to PHP 379.15 million a year ago. Basic earnings per share from continuing operations was PHP 0.11 compared to PHP 0.11 a year ago. Diluted earnings per share from continuing operations was PHP 0.11 compared to PHP 0.11 a year ago.
For the nine months, sales was PHP 1,594.88 million compared to PHP 1,458.77 million a year ago. Revenue was PHP 3,183.53 million compared to PHP 2,004.63 million a year ago. Net income was PHP 1,712.05 million compared to PHP 1,231.97 million a year ago. Basic earnings per share from continuing operations was PHP 0.5 compared to PHP 0.36 a year ago. Diluted earnings per share from continuing operations was PHP 0.5 compared to PHP 0.36 a year ago.
D.M. Wenceslao & Associates, Incorporated is a Philippines-based integrated real estate development and construction company. The Company is engaged in the trade and business of general builders and contractors and related activities, such as acting as specialty construction contractors, supervisors, or managers in all cases of constructions, erections and works both public and private, real estate business and leasing. Its segments include Rentals, which is engaged in leasing of real estate properties, including land and building and other structures; Construction segment, which is engaged in general construction business, which involves site development, earthworks, structural and civil works, masonry works, architectural finishes, electrical works, plumbing and sanitary works, fire protection works and mechanical works, and Sale of Land and Condominium Units segment, which is engaged in development and sale of industrial and other parcels of land and residential condominium units.
D.M. WENCESLAO & ASSOCIATES, INCORPORATED 
