May 21, 2018 5:27 AM ET

Construction and Engineering

Company Overview of Megawide Construction Corporation

Company Overview

Megawide Construction Corporation, together with its subsidiaries, 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, and repairing of buildings, houses and condominiums, roads, plants, bridges, piers, waterworks, railroads, and other structures. It also owns, uses, enhances, and develops real estate properties, such as housing, commercial, industrial, and urban projects. In addition, the company develops, constructs, operates, maintains, renovates, and rehabilitates the Mactan Cebu International Airport. Further, it is involved in the development ...

20 N. Domingo Street

Brgy. Valencia

Quezon,  1112

Philippines

Founded in 1997

219 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 Announces Cash Dividend, Payable on June 3, 2018

Megawide Construction Corporation announced that 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 the company as of December 31, 2017. Record date is May 18, 2018 and payment date is June 3, 2018.

Megawide Construction Corporation Announces Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017

Megawide Construction Corporation announced audited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the fourth quarter of 2017, airport revenues grew by 17% to PHP 575 million. The airport operations segment posted a 24% rise in net income to PHP 1.1 billion relative to 2016 representing 50% of consolidated net earnings of the company. For the year, the company reported operating revenues of PHP 19,159,143,022 compared with PHP 17,658,141,021 for the same period a year ago. Operating profit was PHP 3,422,721,002 compared with PHP 2,779,194,933 for the same period a year ago. Profit before tax was PHP 2,826,858,399 compared with PHP 2,368,008,247 for the same period a year ago. Net income attributable to parent equity holders was PHP 1,781,192,211 compared with PHP 1,559,090,997 for the same period a year ago. Basic and diluted earnings per share was PHP 0.70 compared with PHP 0.57 a year ago. Net cash provided by operating activities of PHP 1,354,515,381 compared with PHP 5,605,248,758 for the same period a year ago. Acquisitions of property, plant and equipment, and computer software license were PHP 609,663,808 compared with PHP 698,604,752 for the same period a year ago. Book value per share was 5.2. Return on Assets was 0.04% compared to 0.04% a year ago. Return on Equity was 0.13% compared to 0.12% a year ago.

Megawide Construction Corporation, Board Meeting, Apr 10, 2018

Megawide Construction Corporation, Board Meeting, Apr 10, 2018. Agenda: To decide the date for annual general meeting.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 20, 2017
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Merger/Acquisition
August 16, 2017
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