Premiere construction firm D.M. Consunji, Inc. (DMCI) signed energy, buildings, and utilities and plants projects worth P3.5 billion during the third quarter of 2017, bringing its total construction order book to P28.6 billion.

The newly-signed projects in the third quarter which have already started include a 32-storey condominium building of Grand Pine, Inc., Maven at Capitol Commons of Ortigas & Co., a petrochemical plant of JG Summit Petrochemical Corp., and the rehabilitation of La Mesa Water Treatment Plant 2 of Maynilad.

Meanwhile, some of the major ongoing projects include Sections 1 and 2 of the Metro Manila Skyway Stage 3 project of Citra Central Expressway Corporation, the Cavite-Laguna Expressway project (Laguna portion) of MPCALA Holdings, the Bued Viaduct and Roadway of Private Infra Development Corporation, Six Senses Resort of Federal Land, Anchor Grandsuites of Anchor Land Holdings and NCCC Mall of LTS Malls, Inc.

From January to September this year, DMCI was able to sign over P14 billion worth of new contracts, an 88 percent improvement from P7.9 billion last year.

On a stand-alone basis, DMCI’s net income during the same period increased 35 percent from P670 million to P904 million due to higher percentage of completion on ongoing projects and additional revenue from contract modifications.

“We expect to sustain our double-digit earnings growth for the whole year. We have a healthy order book from repeat clients and leading corporations,” said DMCI President and CEO Jorge A. Consunji.