Megaworld Corp. To Put PHP 25 Billion Into New Projects According to BAC Company Report
05 Apr 2012 • by Natalie Aster
LONDON – 11 new projects are to be launched by Megaworld Corporation in 2012, adding a significant amount to existing portfolio of over 40 residential projects under development. The company allocated PHP 25 billion of investment for 2012, which is, according to company’s senior vice-president, fairly the same volume as that of 2011.
Megaworld is leader of Philippines residential condominium market, holding 16% share. Its financial position is solidifying every year, allowing greater projects and possibilities. Thus, September 2011 returned revenue of PHP 7.2 B, operating income of PHP 2.3 B, net income of PHP 1.5 B, and profit margin of 20.9%. It is one of the most successful quarters for the company.
Megaworld has paid out 1.9 million square meters of all saleable area in Philippines to the date, which is 17% of total residential area amount. No wonder the company has been able to raise its main indices in the last four years by over 50% in whole.
Founded in 1989 and headquartered in Makati City (Philippines), Megaworld Corporation engages in construction of high-quality residential estates and business units in urban areas of Philippines. It has completed over 60 projects to the date, launched 8 new projects in 2011 and plans on starting 11 more during current year.
More information on the company’s business, risk factors, possibilities and experts’ forecasts can be found in the report "Megaworld Corp. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis" recently published by Market Publishers Ltd.
Title: Megaworld Corp. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Mar, 2012
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
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