Philippine Daily Inquirer
Tycoon Andrew Tan-led property developer Megaworld Corp. grew its first semester net profit attributable to parent shareholders by 12.6 percent year-on-year to P7.25 billion.
For the second quarter alone, Megaworld’s net profit rose by 13.5 percent year-on-year to P4.1 billion.
Six-month revenues from real estate sales rose by 7.6 percent year-on-year to P14.66 billion.
The company’s residential business posted 9 percent year-on-year revenue growth to P18.22 billion.
As an indicator of future growth, Megaworld’s reservation sales as of end-May amounted to P73 billion.
Megaworld’s hotel businesses also grew by 10 percent year-on-year to P715 million.
The company’s rental business—which includes office, malls and commercial space leasing—also posted a 17-percent growth in rental income to P6.79 billion.
Megaworld’s office space inventory stood at 1.013 million square meters.
We are a group of professionals that specialize in condominium selling and leasing, with an extensive experience in project development and management...
Read More →
Unit M2 West of Ayala Condominium,
Gil Puyat Ave., Makati City
Aklan Satellite Office:
Osmeña Ave., Linabuan Sur, Banga, Aklan
Boracay Satellite Office:
Angol, Manoc-Manoc, Boracay Island, Malay
Manila: (02) 511-8606
Boracay & Aklan: (036) 500-2699
Mobile: +63 908 8926467; +63 917 8387363
Fax Nos.: (02) 511-8606
REB Lic. #0000884
Member, Philippine Association of Real Estate Brokers QCRB
Member, Management Association of the Philippines (MAP)
© 2016 Properties Around the Corner Philippines All Right Reserved