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Megaworld gets 39% profit boost from office leasing, retail, hospitality units

BusinessWorld
August 5, 2021 | 12:06 am
ANDREW L. Tan’s listed property firm Megaworld Corp. posted a 39% growth in net attributable income to P2.6 billion in the second quarter compared with last year’s P1.9 billion on the back of improved performance across its office leasing business, and its retail and hospitality arm.
“We attribute the steady recovery of our businesses to our ability to identify opportunities amidst the pandemic, as we continue to focus our efforts to create products and services that meet the evolving needs of our customers,” Kevin Andrew L. Tan, chief strategy officer of Megaworld, said in a statement on Wednesday. ....

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Megaworld net earnings dip to P5 B in first half – Manila Bulletin

Published August 4, 2021, 4:50 PM
Megaworld Corporation, the country’s largest developer of integrated urban townships, reported a 7 percent decline in attributable net income to P5.0 billion in the first half of the year compared to the same period of 2020.
In a disclosure to the Philippine Stock Exchange, consolidated revenues reached P22.2 billion, but netting out the impact of interest and other income, the company’s core revenues registered at P20.6 billion.
Rental revenues decreased by 13 percent to P6.3 billion during the first half of the year compared to P7.2 billion in the same period of the previous year.
Real estate sales amounted to P13.5 billion, down 5 percent year-on-year, while reservation sales ended flat at P37.2 billion during the first half of 2021. ....

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Megaworld vaccinated 95% of hotels staff – Manila Bulletin

Megaworld vaccinated 95% of hotels staff – Manila Bulletin
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.

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Megaworld vaccinates 95% of staff across 11 properties

Megaworld vaccinates 95% of staff across 11 properties
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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