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Megaworld Q1 income rises 16% to P5.83B
Megaworld Corp. reported a 16% surge in net income to P5.83 billion for the first quarter of 2025.
The property developer's revenues increased by 11% to P20.93 billion, driven by strong growth in residential, leasing, and hotel operations.
Real estate sales improved by 8% to P13.09 billion, with contributions from projects in Metro Manila and provincial growth centers.
Leasing revenue rose by 15% to P5.34 billion, bolstered by tenant demand and the synergy between office and retail spaces.
Megaworld Premier Offices saw its revenue grow by 17% to P3.69 billion, securing over 50,000 square meters of new office leases, the highest quarterly total in five years.
President Lourdes Gutierrez-Alfonso attributed the strong performance to a clear strategy and a diversified portfolio, noting significant expansion opportunities in provincial township developments.
Kevin Tan, president and CEO of Alliance Global Group, affirmed Megaworld's position as the top revenue contributor to their parent company, highlighting the sustainability of their LIVE-WORK-PLAY township model.
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