 Dominion Holdings, Inc. (DHI, formerly BDO Leasing and Finance, Inc.) posted net earnings of P202 million in 2024 as against P277 million in 2023. The lower income is attributed to reduced funds available for investment, following the declaration of P3.2 billion in cash dividends in May 2024. The payment of cash dividends also decreased Total Assets and Stockholders Equity to P3.3 billion from P6.4 billion in 2023.
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. |
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