Megaworld Corporation income jumps 11 per cent
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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.
Questions & Answers
Q.What was Megaworld Corporation's total net income for the first half of this year?
What was Megaworld Corporation's total net income for the first half of this year?
Megaworld Corporation recorded a first-half net income of PHP6.69 billion (US$130.4 million). This figure represents an 11 per cent increase compared to the same period in the previous year, showing growth in their overall earnings.
Q.Which specific part of Megaworld's business primarily contributed to its earnings growth?
Which specific part of Megaworld's business primarily contributed to its earnings growth?
The company's rental income was the main driver behind its earnings performance for the period. Megaworld's rental business, which includes its malls and commercial centres, saw a significant rise in income.
Q.How much did Megaworld's rental business earn and how much did it grow?
How much did Megaworld's rental business earn and how much did it grow?
Megaworld’s rental business, encompassing its malls and commercial centers, achieved an income of PHP5.83 billion. This represents a substantial 20 per cent increase in earnings from this segment over the period reported.
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