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Megaworld records 11% rise in 1st half earnings to P9.8B

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Megaworld Новости

Records,11%,Rise

PROPERTY developer Megaworld Corp. saw first-half net income climb by 11 percent to P9.8 billion from P8.8 billion in the same period last year, fueled by rising demand for residential properties outside of Metro Manila.

Consolidated revenues surged 22 percent to P39.10 billion from P32 billion previously, which was said to be an indication of the company's strong performance and resilience across its diverse business segments.'We continue to see robust demand for our residential properties outside of Metro Manila. Before the year ends, we hope to launch more projects in the provinces as we remain on track to finish 2024 with 35 townships,' Megaworld President Lourdes T.

36 billion, up 38 percent year-on-year, driven by growth in meetings, incentives, conventions, exhibitions activities and an upsurge in local tourism.In April, President Ferdinand Marcos, Jr. led a capsule-laying ceremony for the P1.5-billion Mactan Expo Center, which is expected to be completed by 2025, while last June, Megaworld inaugurated the1,530-room Grand Westside Hotel in Paranaque City.Leasing revenues grew 6 percent from a year ago to P9.

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