DMCI Homes' net income jumped by 68 percent in the third quarter to P1 billion from P626 million in the same period last year mainly due to lower construction costs. In the nine months ending September, however, the company recorded a 23-percent year-on-year drop in consolidated revenues to P11.3 billion. Its earnings fell by 73 percent from P1.9 billion to P505 million during the nine-month period due to the combined effect of lower construction accomplishments and one-time losses from sales cancellations for a project. "The pandemic really battered our productivity. Our projects got delayed by one to three months because of the 76-day work stoppage in the first semester," DMCI Homes president Alfredo Austria said.