Dominion Holdings Reports Significant Growth and Shifts Focus to Investment Holding Opportunities

Dominion Holdings, Inc. (previously known as BDO Leasing & Finance, Inc. or BLFI) has reported a significant increase in net income, rising from P43.5 million in 2021 to P69.3 million in 2022. This growth was largely driven by a surge in gross income, which jumped by 122% to P126.8 million, thanks to gains on its Unit Investment Trust Fund (UITF) investment. To capitalize on rising interest rates, the company has shifted its funds to higher-yielding short-term time deposits.

To further its strategic objectives, Dominion Holdings has voluntarily surrendered its secondary license as a financing company to the Securities and Exchange Commission (SEC) with approvals from its Board of Directors and stockholders. On July 21, 2022, the SEC approved the company’s change in corporate name to “Dominion Holdings, Inc.”, the shift in primary and secondary purposes from a leasing and financing company to an investment holding company, and the corresponding amendments to the company’s Articles of Incorporation and By-laws.

As an investment holding company, Dominion Holdings will have greater flexibility to pursue business opportunities that can benefit its stockholders and enhance shareholder value.