Premiere contractor D.M. Consunji, Inc. (DMCI) nearly doubled its newly- awarded projects in 2017, with P16 billion worth of infrastructure, energy, buildings, and utilities and plants projects compared to P8.2 billion the year before.

With the new contracts, DMCI was able to close the year with an order book of P25.4 billion, a 26 percent improvement from P20 billion in 2016.

Among its newly-signed projects are the Cavite-Laguna Expressway project of MPCALA Holdings, a petrochemical plant of JG Summit, Maven of Ortigas & Co. Anchor Grandsuites of Anchor Land Holdings, Bued Viaduct and Roadway of Private Infra Development Corporation, 105MW conventional power plant of Sarangani Energy Corporation, among others.

Meanwhile, some of the major ongoing projects include Metro Manila Skyway Stage 3 of Citra Central Expressway Corp., Six Senses Resort (Phase 2) of Federal Land, LRT2 Masinag Stations of the Department of Transportation, City Gate of Ayala Land, The Imperium and The Royalton of Ortigas & Co. and Radiance Manila Bay (North and South) of Robinson Land Corporation.

Two major infrastructure projects—the NAIA Expressway and The Runway connecting NAIA Terminal 3 to Resorts World Manila, were completed in 2017.

On a stand-alone basis, DMCI recorded a full-year net income of nearly P1.3 billion in 2017, up 56 percent from P824 million the prior year.

“2017 was a good year for us. We were able to keep a tight rein on our operating costs. The favorable settlement of pending claims and earlier than expected completion of some minor projects also contributed to our strong growth,” said DMCI President and CEO Jorge A. Consunji.