2024 May – Dominion Holdings, Inc. (formerly BDO Leasing and Finance, Inc.) registered a 30% year-on-year growth in net income to ₱75.9 million in the first quarter of 2024, compared to the ₱58.3 million earnings in the comparable period in 2023. Gross Income increased by 28% due to the shift in its investment portfolio towards higher-yielding placements and debt securities.

Total Assets, mainly composed of investment securities, amounted to ₱6.45 billion. Stockholders’ Equity settled at ₱6.44 billion.

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.

Related Stories:

• BDO subsidiary’s 2023 earnings at PHP 277.3 million
• BDO subsidiary’s 9M 2023 earnings at ₱205.7 million
• BDO subsidiary’s 1H 2023 net profit at P125.3 million