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May 26, 2015 10:42 PM ET

Real Estate Management and Development

Company Overview of Megaworld Corporation

Company Overview

Megaworld Corporation, together with its subsidiaries, develops, markets, and leases real estate properties in the Philippines. It develops mixed-use planned communities or community townships that integrate residential, commercial, educational/training, leisure, and entertainment components. The company’s real estate portfolio comprises residential condominium units, subdivision lots, and townhouses, as well as office projects and retail spaces. It also leases office and retail spaces; manages hotel operations; and provides project design, construction, and property management services, as well as engages in cinema, business process outsourcing, educational, facilities provider, and mainten...

The World Centre Building

20th and 28th Floors

330 Sen. Gil Puyat Avenue

Makati City,  1227


Founded in 1989

1,934 Employees


63 2 867 8826

Key Executives for Megaworld Corporation

Megaworld Corporation does not have any Key Executives recorded.

Megaworld Corporation Key Developments

Megaworld Corporation, Q1 2015 Earnings Call, May 20, 2015

Megaworld Corporation, Q1 2015 Earnings Call, May 20, 2015

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

Megaworld Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. The company saw its net profit jump 12.5% in the first three months of 2015 on the strength of higher residential sales and record leasing income. The company booked a net income of PHP 2.35 billion in the first quarter, from PHP 2.09 billion in the same period last year. Consolidated revenues and income was PHP 10,470,848 against PHP 9,946,424 for the same period a year ago. Net cash from operating activities was PHP 537,455,000 compared to PHP 1,090,049,000 a year ago. Net profit attributable to Company's shareholders was PHP 2,258,883,000 or PHP 0.071 per diluted share compared to PHP 2,648,157,000 or PHP 0.083 per diluted share a year ago. The company also reported return on asset of 1.04% and return on equity of 2.02% against return on asset of 1.52% and return on equity of 2.83% for the same period a year ago.

Philippines Auction To Privatize Properties Failed

The finance department’s Privatization and Management Office (PMO) will explore alternatives in disposing state-owned assets it offered for sale as the properties auctioned on April 16, 2015 failed to attract buyers. “We will explore other options,” PMO Officer-in-Charge Toni Angeli V. Coo said in an interview at the close of the auction. PMO offered the P711.52-million Fil-Eastern Wood Industries, Inc. property along E. Rodriguez Avenue in Quezon City and the P534.42-million National Power Corporation property at Sen. Gil Puyat Ave. cor. Tindalo St. in Makati City. The Fil-Eastern Wood property in front of De Los Santos Medical Center has a total area of 21,056 square meters. Keppeland Realty Corporation, City Asset, Inc., Robinsons Land Corp. (PSE:RLC) and Filinvest Land, Inc. (PSE:FLI) had bought bid documents for the property. The Napocor property in Makati City, on the other hand, has a total area of 2,798 square meters. Ten corporate entities and an individual had bought bid documents for that auction, namely: Ayala Land, Inc. (PSE:ALI),Filinvest Land, Inc. (PSE:FLI), Megaworld Corporation (PSE:MEG); Rockwell Land Corporation (PSE:ROCK); DMCI Project Developers, Inc.; Robinsons Land Corp. (PSE:RLC); Metro Pacific Hospital Holdings, Inc.; New San Jose Builders, Inc.; Home Development Mutual Fund; Hyatt Elevators and Escalators Corporation; as well as a certain Agnes Lacorte.

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