BDO subsidiary’s 2023 earnings at PHP 277.3 million
2024 April – At its Annual Stockholders’ Meeting, Dominion Holdings, Inc. (formerly BDO Leasing & Finance, Inc.) announced higher earnings of ₱277.3 million in 2023, compared to ₱69.3 million in 2022. This is mainly due to larger investment income with the rebalancing of its portfolio towards higher-yielding placements and debt securities.
The Board of Dominion Holdings earlier approved the declaration of cash dividends of ₱1.50 per share to all stockholders on record as of April 30, 2024. Payment date will be on May 10, 2024.
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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