Dominion Holdings, Inc. Reported P171 Million in Net Income for 9M24

​Dominion Holdings, Inc. (DHI, formerly BDO Leasing and Finance, Inc.) recorded a net income of P171 million in the first nine months of 2024 compared to P205 million in the comparable period in 2023.

​The company paid P3.2 billion in cash dividends in May 2024, which reduced the funds available for investment, and consequently, resulted in lower income from investments. The payment of cash dividends also reduced Total Assets and Stockholders Equity to P3.3 billion from P6.3 billion a year ago.

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.