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September 03, 2015 4:01 PM ET

Household Durables

Company Overview of Megawide Construction Corporation

Company Overview

Megawide Construction Corporation engages in the general construction business in the Philippines. It operates through the Construction and Airport Operations segments. The company is primarily involved in constructing, enlarging, repairing, or engaging in various works upon buildings, houses and condominiums, roads, plants, bridges, piers, waterworks, railroads, and other structures. It also owns, uses, enhances, and develops various kinds of real estate properties. In addition, it undertakes general construction projects, which comprise site development, earth works, structural and civil works, masonry works, architectural finishes, electrical works, plumbing and sanitary works, fire prote...

Spring Building

2nd Floor

Arnaiz Ave. cor. P. Burgos St

Pasay,  1300


Founded in 1997

393 Employees


63 2 655 1111

Key Executives for Megawide Construction Corporation

Megawide Construction Corporation does not have any Key Executives recorded.

Megawide Construction Corporation Key Developments

Megawide Construction Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Megawide Construction Corporation reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, operating revenue was PHP 3,002,640,815 against PHP 2,255,712,728 a year ago. Net income before tax was PHP 521,306,175 against PHP 228,113,983 a year ago. Net income attributable to parent equity holder was PHP 364,250,731 or PHP 0.12 per basic share against PHP 227,287,850 or PHP 0.09 per basic share a year ago. For the six months, operating revenue was PHP 5,701,077,088 against PHP 5,055,311,501 a year ago. Net income before tax was PHP 957,718,313 against PHP 583,969,831 a year ago. Net income attributable to parent equity holder was PHP 688,003,970 or PHP 0.23 per basic share against PHP 556,056,125 or PHP 0.23 per basic share a year ago.

MEGAWIDE Construction Corp. Secures Contract to Build the First Phase of DoubleDragon Properties Corp

MEGAWIDE Construction Corp. was awarded the contract to build the first phase of DoubleDragon Properties Corp.’s mixed-use development on the corner of EDSA and Macapagal Avenue in Pasay City. The initial phase of the 4.8-hectare DD Meridian Park, dubbed as DoubleDragon Plaza, will consist of four office towers catering to companies in the business process outsourcing industry, the engineering and construction. Each building will be constructed on top of a podium that will house a retail strip and three levels of parking including the basement.

Megawide Construction Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Megawide Construction Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating revenue was PHP 2,695,436,273 compared to PHP 2,799,598,773 a year ago. Gross revenue was PHP 2,743,281,515 compared to PHP 2,817,044,558 a year ago. Net income before tax was PHP 433,412,168 compared to PHP 355,855,848 a year ago. Net income after tax was PHP 370,400,734 compared to PHP 328,768,275 a year ago. Net income attributable to parent equity holder was PHP 323,753,239 or PHP 0.13 basic earnings per share compared to PHP 328,768,275 or PHP 0.2 basic earnings per share a year ago. Net cash used in operating activities was PHP 55,582,870 compared to net cash from operating activities of PHP 387,820,729 a year ago. Acquisitions of property, plant and equipment was PHP 42,046,362 compared to PHP 85,365,234 a year ago. The group recorded consolidated revenues 4% lower compared to 3 months in 2014 as a result of lower construction revenues posted during the first 3-months of 2015 due to more projects on its start-up stage compared to the same quarter a year ago. Return on Assets was 0.81%. Return on Equity was 2.06%. Book value per share was PHP 4.04 as on March 31, 2015 compared to PHP 5.38 as on March 31, 2014.

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