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DM Wenceslao Raises Core Income to P1.8B
The Philippine Star
|March 15, 2025
Listed D.M. Wenceslao and Associates Inc. (DMW) relied on the competitive advantage of its flagship Aseana City to sustain growth last year, and aims to sustain momentum as interest rates decline.
Based on its financial report, DMW increased its core income by 10 percent to P1.8 billion in 2024 on the double-digit growth of its recurring and commercial earnings.
Recurring revenues, covering land, building and ancillary rentals, went up by 27 percent to P3.3 billion, while commercial building gains spiked by 45 percent to P1.4 billion.
DMW attributed the growth to the rising occupancy in Aseana City, its 107-hectare development close to Manila Bay.
By industry, DMW captured fresh agreements with logistics, shipping and manning companies, which are expanding quickly as trade picks up.
This story is from the March 15, 2025 edition of The Philippine Star.
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