Dominion Holdings posts P58.3 million net income in 1Q 2023

Dominion Holdings, Inc. (formerly BDO Leasing and Finance, Inc. or BLFI) posted a net income of ₱58.3 million in 1Q 2023 compared to ₱8.6 million in 1Q 2022. 

Gross income expanded more than five-fold to ₱74.7 million as the firm shifted its funds to higher yielding short-term investments to take advantage of the prevailing attractive interest rates.

Total assets stood at ₱6.1 billion, bulk of which was invested in short-term investments.

Formerly, BDO Leasing and Finance Inc., 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.|