Megaworld Posts ₱13.5-B Jan.-Sept. Profit

Andrew Tan’s township developer Megaworld Corp. reported a 39% growth in net income to P13.5 billion in the first nine months of 2023 as it posted double-digit growth across all core business segments.

Megaworld pulled away even farther from its pre-pandemic levels with attributable net income rising by 43% to P12 billion from last year’s P8.4 billion. I Photo: Megaworld

In a disclosure to the Philippine Stock Exchange (PSE), the firm said it pulled away even farther from its pre-pandemic levels with attributable net income rising by 43% to P12 billion from last year’s P8.4 billion.

Its consolidated revenues during the first nine months of the year increased by 14% to P48.6 billion, driven by robust real estate bookings, leasing, and hotel operations.

WEEKLY FEATURE : Jose Mari Chan And The Christmas Anthem