Megaworld income rises 16%
The Philippine Star|November 08, 2024
Growth across all its key businesses fueled a double-digit earnings growth for property giant Megaworld Corp. during the nine months ending September.
By RICHMOND MERCURIO

Megaworld saw its net income rise by 16 percent to P15.69 billion from January to September, while profit in the third quarter alone jumped by 26 percent year-on-year to P5.87 billion.

Net income attributable to parent company for the nine-month period grew by 14 percent to P13.73 billion, while attributable net income during the third quarter expanded by 25 percent.

Revenues generated during the nine-month period climbed by 23 percent to P59.78 billion, driven by the company's strategic execution and its ability to drive growth across its diversified portfolio.

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