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

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 24 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 44%
  • Publisher: 92%

Megaworld News

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.

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:

 /  🏆 2. in US
 

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

United States United States Latest News, United States United States Headlines

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

Megaworld first-half earnings up 11%Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Source: gmanews - 🏆 11. / 68 Read more »