DM Wenceslao posts lower Q1 profit amid tougher property market

MANILA, Philippines – Property developer D.M. Wenceslao and Associates Inc. (DMW) posted a slight decline in first-quarter net income as recurring revenues softened amid tough market conditions. In a disclosure on Wednesday, the developer of Aseana City said its net income reached P550 million in the first quarter of 2026, slightly lower than the P562 million recorded in the same period last year.  READ: DM Wenceslao core profit climbs to P1.9B in 2025  Recurring revenues—which include rentals from land, commercial buildings and other ancillary leasing sources—fell to P823 million from P899 million a year ago. Still, these accounted for 87 percent […]... Keep on reading: DM Wenceslao posts lower Q1 profit amid tougher property market

Original source: Philippine Daily Inquirer