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March 28, 2015 9:18 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. The company operates through Real Estate, Rental, and Hotel Operations segments. It develops mixed-use planned communities or community townships that integrate residential, commercial, educational/training, leisure, and entertainment components in the Metro Manila. 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 spaces primarily to business process outsourcing enterprises, as well as leases retail spaces; manages hotel operations; and p...

The World Centre Building

20th and 28th Floors

330 Sen. Gil Puyat Avenue

Makati City,  1227

Philippines

Founded in 1989

Phone:

63 2 867 8826

Key Executives for Megaworld Corporation

Megaworld Corporation does not have any Key Executives recorded.

Megaworld Corporation Key Developments

Megaworld Corporation expected to report Q4 2014 results on March 28, 2015. This event was calculated by Capital IQ (Created on March 27, 2015).

Megaworld Corporation expected to report Q4 2014 results on March 28, 2015. This event was calculated by Capital IQ (Created on March 27, 2015).

Megaworld Corporation Announces Consolidated Audited Earnings Results for the Full Year Ended December 31, 2014

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.

Megaworld Corporation, 2014 Earnings Call, Mar 27, 2015

Megaworld Corporation, 2014 Earnings Call, Mar 27, 2015

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 26, 2014
1.5 Hectares Property on the Eastern Part of Eastwood City
Merger/Acquisition
May 9, 2014
Global Estate Resorts, Inc.
 

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