Dominion Holdings, Inc. Reported a P75.9 Million in Net Income in Q12024

Dominion Holdings, Inc. (formerly BDO Leasing and Finance, Inc.) registered a 30% year-on-year growth in net income to P75.9 million in the first quarter of 2024, compared to the P58.3 million earnings in the comparable period in 2023. Gross Income increased by 28% due to the shift in its investment portfolio towards higher-yielding placements and debt securities. 

Total Assets, mainly composed of investment securities, amounted to P6.45 billion. Stockholders’ Equity settled at P6.44 billion.

Dominion Holdings Inc.’s primary purpose is to hold/own real estate properties, securities/shares of stocks, and other assets of other companies, and engage in investment and business activities involving these assets.

On July 18, 2022, the SEC approved the change in corporate name of BDO Leasing and Finance Inc. to “Dominion Holdings, Inc.”, the shift in primary and secondary purposes from a leasing and financing company to that of a holding company, and the corresponding amendments to the Company’s Articles of Incorporation and By-laws.

​As an investment holding company, Dominion Holdings has more flexibility in pursuing business opportunities that can enhance shareholder value.