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Home  >>   Daily News  >>Philippines>>Property>>Megaworld posts P6.69B net income in H1, up 11%
NEWS UPDATES Asean Affairs    August  11,  2017  










Megaworld posts P6.69B net income in H1, up 11%

Property developer Megaworld Corp. posted a net income of P6.69 billion in the first half of 2017, up 11 percent from P6.03 billion a year earlier, boosted by rental income and residential business.

“It has been a strong first half for Megaworld as we continue the trajectory of our rental income while maintaining revenues for our residential business," Megaworld senior vice president and treasurer Francis Canuto said in a filing with the Philippine Stock Exchange on Thursday.

The rental business, which includes offices, malls, and commercial centers, was a major driver to growth in the first half, according to Megaworld.

Rental income reached P5.83 billion, up 20 percent from P4.84 billion, while residential revenue was steady at P16.77 billion.

"Across businesses, there is an indication that we will continue our double digit growth until the end of the year,” Canuto said.

Megaworld's hotel business contributed P648 million, up 10 percent from P590 million.



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This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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