Net income climbed even higher by 152 percent to P4.9 billion. Of the different businesses, Semirara Mining and Power Corp. contributed P9.2 billion last year, a 360 percent upswing from P2 billion following a 16 percent increase in coal sales, 71 percent jump in average coal selling prices and 49 percent hike in average electricity selling prices. The property business likewise stayed strong despite the pandemic, with DMCI Homes recording a net income growth of 127 percent to P4.4 billion last year on higher revenue recognition from accelerated construction accomplishments. DMCI Mining recorded a 150 percent boost in contributions to P1.2 billion on record-high shipments of nearly two million wet metric tons and a 40 percent increase in average nickel selling prices.