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  - WN.COM - Business - 05/Aug 18:10

Sales drive Megaworld H1 profit to P12B

PROPERTY developer Megaworld Corp. on Tuesday reported a 23-percent increase in first-half (H1) net income to P12.09 billion, supported by strong real estate sales, and higher hotel and leasing revenues. Second-quarter net income alone jumped 31 percent to P6.26 billion. “Our strong first half and second quarter results reaffirm the strength and adaptability of our township strategy,” Megaworld President and CEO Lourdes Gutierrez-Alfonso said in a statement. “We are always focused on ensuring that our core segments will continue to deliver...

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