Leases unleash DM earnings explosion

DM Wenceslao and Associates Inc., the developer of the 107-hectare Aseana City, saw its financial results in 2023 balloon by 248 percent to P7.3 billion on robust leasing and “stable” residential growth. In a stock exchange filing on Tuesday, DM Wenceslao said its full-year earnings included a one-time gain of P5.6 billion from the consolidation
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