Megawide H1 profit jumps 22% to P532M
Real estate revenue jumped 67% to ₱1.79 billion, while landport income rose 28% and finance costs fell by ₱200 million.
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Megawide H1 profit jumps 22% to P532M
MANILA, Philippines — Megawide Construction Corp. improved its first-half consolidated net income by 22 percent, putting the engineering and infrastructure firm closer to its full-year earnings target. On Friday, the Edgar Saavedra-led construction and engineering firm said consolidated first-half net income reached P532 million, an 80 percent increase compared to the company’s full-year 2025 earnings. READ: Megawide order book hits P50B on stro…
Megawide earnings jumps 22% as property segment counters shipping costs
Engineering conglomerate Megawide Construction Corp. reported that its real estate business propelled a 22-percent growth in consolidated net income to ₱532 million in the first six months of 2026, equivalent to 80 percent of its full-year 2025 earnings.“Our performance in the first six months of the year is consistent with our back-ended full-year financial targets,” said Megawide Chairman and CEO Edgar Saavedra in a disclosure to the Philippin…
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