DM Wenceslao posts lower Q1 profit amid tougher property market

MANILA, Philippines – Property developer D.M. Wenceslao and Associates Inc. (DMW) posted a slight decline in first-quarter net income as recurring revenues softened amid tough market conditions. In a disclosure on Wednesday, the developer of Aseana City said its net income reached P550 million in the first quarter of 2026, slightly lower than the P562 million