|
|
Article: Megaworld posts 30% income growth at P519 M.(Business)
- Article from:
- Manila Bulletin
- Article date:
- August 16, 2005
CopyrightCOPYRIGHT 2005 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Property developer Megaworld Corporation reported a net income of R518.87 million in the first half of 2005, up by 30 percent from the R398.87 million it posted in the same period last year.
Megaworld spokesperson Francis Canuto said revenues also jumped by 35.9 percent to R2.59 billion from R1.90 billion. This came from strong sales of its ongoing projects in Makati, Fort Bonifacio and Eastwood City, along with higher levels of rental plus interest and other income.
The projects were Forbeswood Heights in Bonifacio Global City; Paseo Parkview, Greenbelt Radissons and Greenbelt Parkplace in Makati City; and Grand Eastwood Palazzo, Eastwood Excelsior, One ...