DM Wenceslao 9-mo profit falls to P1.24B

MANILA, Philippines — D.M. Wenceslao and Associates Inc. (DMW), the developer of Aseana City, said its net income declined by 11 percent on weaker property sales and higher operating expenses. The company reported that its net profit attributable to the parent fell to P1.24 billion from P1.4 billion a year ago. READ: DM Wenceslao posts lower Q1