Megaworld net earnings reach P8.3 billion in first half, up 16%

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Megaworld Corporation reported a 16 percent growth in attributable net income to P8.3 billion in the first half of 2019 from P7.2 billion in the same period last year.

In a disclosure, the firm said earnings included a non-recurring gain of about P189 million in the first six months of 2019.

Broken down, Megaworld’s residential business, rental, and hotel operations, accounted for 63 percent, 26 percent, and 4 percent of total revenues, respectively. The balance of 7 percent came from its non-core revenues. Vacancies in both office and commercial segments are on an all-time low, and we don’t see this changing in the near future due to the robust sign-ups we are seeing from big companies and business owners.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney sees box office gains, but earnings fall short
Source: ANCALERTS - 🏆 26. / 50 Read more »