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Metro Manila (CNN Philippines, August 5) — The property giant led by tycoon Andrew Tan-led saw signs of recovery in the second quarter, but the COVID-19 situation still dampened Megaworld Corp.'s overall first-half performance.
A financial report disclosed to the Philippine Stock Exchange on Thursday showed that Megaworld's net profit attributable to the company's shareholders fell by 7.4% to ₱5 billion in the first six months of 2021 versus the ₱5.40 billion a year ago.
Consolidated revenues also decreased to ₱22.17 billion from the ₱23.79 billion generated a year ago. The listed firm noted netting out the impact of interest and other income, revenues posted ₱20.6 billion.