Wednesday 12 December 2018
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inquirer - 26 days ago

Megawide’s January-September net hits P1.72B

Construction and engineering firm Megawide Construction Corp. posted P1.72 billion in nine-month net profit, flat from the level seen last year, as higher earnings from airport operations offset lower revenue from construction. Megawide s prospects remain promising with the continued strong growth of the airport business with the opening of the Mactan-Cebu International Airport (MCIA) Terminal 2, Megawide chair and CEO Edgar Saavedra said in a statement. Net margin inched up to 13 percent from 12 percent, while cash flow grew by 8 percent year-on-year to P3.6 billion during the nine-month period. Consolidated revenue fell 10 percent year-on-year t...

Keep on reading: Megawide’s January-September net hits P1.72B

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