Dominion Holdings Inc., formerly BDO Leasing and Finance Inc., has resumed trading at the Philippine Stock Exchange following compliance with regulatory requirements.
The trading of DHI shares at the bourse had been on hold since January 2020 on both voluntary and Securities and Exchange Commission (SEC) mandate to reflect changes in its primary purpose from leasing and financing to a holding company.
The SEC lifted the suspension order in July and the PSE resolved to lift the same effective 20 August after DHI filed a comprehensive corporate disclosure.
Dominion shares closed Wednesday at P1.86 apiece.
The company earlier reported income growing 7 percent in the first half this year to P134.5 million from P125.3 million last year, having benefited from the high interest rate environment and from the reversal of provisions for losses on bond investments matured in the second quarter this year.
Its investment portfolio as at end-June this year fell to P2 billion from P6.1 billion last year, its assets reduced to P3.3 billion from P3 billion, respectively, traced to a cash dividend declaration amounting to P3.2 billion.
The dividends benefited stockholders on record as of 30 April 2024 and paid on 10 May 2024.
As a result, stockholders’ equity contracted to P3.3 billion from P6.4 billion. Total liabilities remained at P10 million.
