D.M. Wenceslao & Associates, Incorporated reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was PHP 600.88 million compared to PHP 560.34 million a year ago. Revenue was PHP 1,096.75 million compared to PHP 1,580.95 million a year ago.

Net income was PHP 525.66 million compared to PHP 960.5 million a year ago. Basic earnings per share from continuing operations was PHP 0.15 compared to PHP 0.28 a year ago. Diluted earnings per share from continuing operations was PHP 0.15 compared to PHP 0.28 a year ago.