2024 At its Annual Stockholders' Meeting, Dominion Holdings, Inc. (previously BDO Leasing and Finance, Inc.) reported that its net earnings for 2024 were ₱202 million, down from ₱277 million in 2023. Following the announcement of ₱3.2 billion in cash dividends in May 2024, there are fewer funds available for investment, which is the main cause of the revenue reduction.
As of December 31, 2024, Total Assets and Stockholders Equity was ₱3.3 billion, down from ₱6.4 billion in 2023, as a result of the cash dividends paid in May 2024.
About Dominion Holdings, Inc. (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.
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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