July 25, 2017 7:38 AM ET

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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, the company undertakes general construction projects, which comprise site development, earth works, structural and civil works, masonry works, architectural finishes, electrical works, plumbing and sanitary works, f...

Spring Building

2nd Floor

Arnaiz Ave. cor. P. Burgos St.

Pasay,  1300

Philippines

Founded in 1997

822 Employees

Phone:

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 Approves Dividend Payable on September 3, 2017

The Board of Directors of the Megawide Construction Corporation approved the terms of the dividend payment of September 3 of each year, the Board set August 9, 2017 as the record date. The cash dividend is equal to PHP 1.75625 per share or a total of PHP 70,250,000.00 out of the unrestricted retained earnings of Megawide as of December 31, 2016. This is also in connection with the disclosure that cash dividends will be payable on March 3, June 3, September 3 and December 3 of each year.

Megawide Construction Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017

Megawide Construction Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported total revenue of PHP 4,767,816,220 against PHP 5,909,476,718 a year ago. Operating profit was PHP 847,253,606 against PHP 887,007,564 reported a year ago. Profit before tax was PHP 684,557,946 against PHP 788,880,611 reported a year ago. Net profit was PHP 549,013,107 against PHP 573,165,175 reported a year ago. Net profit attributable to parent equity holder was PHP 439,980,220 or PHP 0.17 per basic share against PHP 491,234,722 or PHP 0.18 per basic share a year ago. Net cash flows from operating activities was PHP 259,970,535 against PHP 2,302,987,771 a year ago. Book value per share was PHP 4.73 against PHP 4.52 reported last year. Acquisition of property, plant and equipment and computer software license was PHP 270,625,266 against PHP 127,798,064 a year ago.

Megawide Construction Corporation Approves Preferred Shares Dividend, Payable on June 3, 2017

The Board of Directors of the Megawide Construction Corporation approved the terms of the offer of up to 70 Million Megawide preferred shares, including the dividend payment of March 3 of each year, the Board set May 10, 2017 as the record date. The cash dividend is equal to PHP 1.75625 per share or a total of PHP 70,250,000.00 out of the unrestricted retained earnings of Megawide as of December 31, 2016. Payment date is June 3, 2017.

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