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
Philippines Auction To Privatize Properties Failed
Apr 17 15
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.
Megaworld Corporation Raises Five-Year Capital Spending Budget
Apr 7 15
Megaworld Corporation has hiked by almost a quarter its five-year capital spending budget through 2019, saying it needs to invest more than initially planned to build townships and boost its land bank. The company said its capital expenditure (capex) budget went up to PHP 285.8 billion, replacing the PHP 230-billion planned spending announced last year. This year alone, the company earmarked PHP 65 billion, higher than the PHP 40 billion spent in 2014. This year's budget will go to the construction of residential and hotel projects, office buildings as well as malls and commercial centers inside the company's integrated urban townships. Broken down, 74% of the capex will go to development, while the remaining 26% will be for land acquisition and property investments. Megaworld had said it will add five new townships this year to its existing 15. Along with its subsidiaries, the group will also launch 22 residential projects nationwide; three hotel towers in Boracay Newcoast; 10 office towers in McKinley West, McKinley Hill, Eastwood City, Woodside City, Davao Park District, and Southwoods City; and three malls and commercial centers across its townships all over the country.
Megaworld Corporation Announces Consolidated Audited Earnings Results for the Full Year Ended December 31, 2014
Mar 26 15
Megaworld Corporation announced consolidated audited earnings results for the year ended December 31, 2014. For the year, the company reported total revenues and income of PHP 53,130,757,963 against PHP 36,241,564,502 a year ago. Pre-tax income before acquisition income was PHP 21,623,723,676 against PHP 9,028,668,028 a year ago. Net profit attributable to company's shareholders was PHP 21,219,577,584 against PHP 8,970,664,010 a year ago. Earnings per diluted share were PHP 0.667 against PHP 0.305 a year ago. Net cash from operating activities was PHP 1,732,688,877 against PHP 1,845,527,844 a year ago. Additions to investment property were PHP 8,727,663,262 against PHP 3,494,295,658 a year ago. Additions to land for future development were PHP 4,097,181,884 against PHP 1,762,592,832 a year ago. Additions to property and equipment were PHP 191,245,753 against PHP 206,947,857 a year ago. Project and capital expenditures was PHP 39,780,970,914 against PHP 32,051,912,203 a year ago. The company saw it’s net income last year surge by an annual 139%, boosted by a one-time gain and higher revenues from its real estate and rental businesses. Without extraordinary gains from the acquisition and sale of subsidiary and associate, net income rose 14% to PHP 9.4 billion last year. Consolidated revenues, excluding non-recurring gain, edged up by 15% to PHP 41 billion. This was supported by a 16% increase in real estate sales to PHP 24.6 billion, and a 17% growth in rental income to PHP 7 billion. Core revenues amounted to PHP 40.97 billion, resulting from strong property sales and sustained growth in leasing and hotel income, 15.49% higher than the PHP 35.48 billion revenues of the same period. Return on assets was 10.92% against 5.71% a year ago. Return on equity was 20.93% against 10.99% a year ago.