Megaworld Corporation income jumps 11 per cent

Property giant Megaworld Corporation, which specialises in developing integrated urban townships, achieved first-half net income of PHP6.69 billion (US$130.4 million), an 11 per cent improvement on the same period last year.

Rental income drove its earnings for the period.

Megaworld’s rental business, which includes malls and commercial centers, saw its income soar 20 per cent to PHP5.83 billion.