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 […]
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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 […]
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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 […]
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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. […]
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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 […]
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8990 Buys Prime Property in Cubao

Makati–(PHStocks)–8990 Holdings Inc. (PSE: HOUSE) is set to offer another affordable high-rise condominium project after acquiring a prime property along EDSA just across the Farmers Market inside the Araneta Center complex in Cubao. 8990 spent PhP366 million to acquire the 4,200 square meter property along the major thoroughfare wherein the Urban Deca Tower project in […]
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PHStocks Exclusive: Top 50 Stock Price Gainers in December

Manila—(PHStocks)—The last month of the year saw realignment of investor portfolio amid the strong rallies over the previous weeks leading into the holidays. A Santa Claus rally was also observed, with the Philippine Stock Exchange index (PSEi) recovering losses to finish the last trading day of the year at 7,230.57, up by 0.62% or 44.25 […]
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Megawide Declares Stock Dividend

Manila—(PHStocks)—The stockholders and Board of Directors of Megawide Construction Corp. (PSE: MWIDE) approved the declaration of 750,000,000 common shares of stock dividend, with a par value of PhP1.00 or an aggregate value of PhP750,000,000.00 to be taken from the unrestricted retained earnings of Megawide as of December 31, 2013. The stock dividend will constitute the minimum […]
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