Sales of DMCI Homes Philippines FY 2016-FY 2021

Published by
Christy Balita,
Jun 2, 2023
For the two consecutive financial years, DMCI Homes reported total sales of 19.6 billion Philippine pesos. DMCI Homes is the real estate segment of the construction company DMCI Holdings and is one of the largest real estate developers in the country.

Total sales of DMCI Homes in the Philippines from financial year 2016 to 2021 (in billion Philippine pesos)

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Release date

May 2022

Region

Philippines

Survey time period

FY 2016 to FY 2021

Supplementary notes

*The company added the following information: "On June 2017, DMCI Homes changed its accounting policy on recognition of real estate sales and cost of sales from completed contract method to Percentage of Completion (POC) method as allowed under the Philippine Financial Reporting Standards (PFRS), and restated the 2014 to 2016 balances for comparative purposes. The shift in accounting policy is to align the company’s revenue recognition with the current practice in the industry."

One Philippine peso is equal to 0.019 U.S. dollars and 0.018 euros as of June 2022.

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