Megawide Reports 16% Jump in Q1 Net Earnings

Diversified engineering and infrastructure conglomerate Megawide Construction Corp. (PSE: MWIDE) has reported a consolidated net income of PhP635.8 million growth for the first quarter of 2018, up by 16% from the PhP549 million in the same period last year. The double-digit increase in net profit was driven by the continued robust growth of the airport […]
Continue reading…

 

MacroAsia Joins MSCI Small Cap Index

MacroAsia Corp. (PSE: MAC), which was recognized last month by FinanceAsia as among the Philippines’ Best Small-Cap Companies through the recent annual poll it conducted, is being included in the MSCI Small Cap Index by May 31, 2018. In February 2018, MacroAsia was also included in PSE’s Services Index. MacroAsia’s first quarter 2018 revenues grew […]
Continue reading…

 

Megawide Partners with Toshiba Group’s UEM on Water Reclamation Engineering Project

Megawide Construction Corp. (PSE: MWIDE) declares a roaring start to 2018 with the recent awarding of Maynilad’s newest water treatment facility, the 88 MLD Las Piñas Water Reclamation Facility. The design and build contract, valued at more than PhP2 billion, is Megawide’s first water reclamation engineering project. “The Megawide construction business will continue its expansion […]
Continue reading…

 

Megawide Confirms Participation in Rail Project

Quezon City—(PHStocks)—Megawide Construction Corp. (PSE: MWIDE) wishes to announce its partnership with East-West Rail Transit Corporation and Alloy MTD for the construction, operation, and maintenance of the PNR East-West Railway Project. The PNR East-West Railway Project (EWRP) will involve a 9.77 kilometer railway line from Diliman, Quezon City along the corridor of Quezon Avenue up […]
Continue reading…

 

Megawide’s 1H2016 Consolidated Revenue at All Time-High

Pasay—(PHStocks)—Diversified engineering company Megawide Construction Corp.’s (PSE: MWIDE)  consolidated net income for the first half (1H) of 2016 increased by PhP388 million to PhP1.178 billion or 49% higher than its 2015 1H consolidated net income of PhP790 million. This follows a record-breaking 6-month consolidated revenue of PhP10.07 billion, a 77% growth or PhP4.37 billion increase […]
Continue reading…

 

8990, Megawide Ink PhP3.6B Condo Project in Quezon City

Makati—(PHStocks)—8990 Housing Development Corp., a subsidiary of mass housing giant 8990 Holdings Inc. (PSE: HOUSE), has signed with Megawide Construction Corp. (PSE: MWIDE) a Memorandum of Agreement to construct 8990’s new condominium project in Quezon City, the Urban DECA Towers-Cubao. Megawide shall be the general contractor for this project that will cost P3.6 Billion, with […]
Continue reading…

 

Megawide Earnings Jump 66%

Manila—(PHStocks)—Megawide Construction Corp.’s (PSE: MWIDE) consolidated net income jumped 66% to PhP1.47 billion in 2015 from PhP887 million in 2014, driven by a 16% growth in its core construction business and first full-year earnings recognition from its airport operation. This is the highest growth posted by the company since its Initial Public Offering in 2011. […]
Continue reading…

 

8990 Launches PhP8B Tondo Project

Makati—(PHStocks)—Leading mass housing developer 8990 Holdings (PSE: HOUSE) has launched a residential condominium with a mall in Tondo, Manila and expects to spend over PhP8 billion worth of investments for the project. 8990 Holdings president and chief executive officer Januario Jesus Atencio, chairmen Mariano Martinez and Luis Yu led the groundbreaking ceremonies on December 1 for the 8990 Deca […]
Continue reading…