Megaworld Corporation recorded higher earnings in the third quarter thanks to higher real estate sales amid more relaxed restrictions, its latest statement read.
Revenues likewise increased by 50% during the quarter, settling at ₱14.5 billion. This raised the cumulative figure to ₱36.9 billion -- a 10% annual growth. The listed firm likewise reported ₱552 million in revenues for Megaworld Hotels & Resorts, a 121% year-on-year growth with the opening of Kingsford Hotel in the township Westside City boosting the in-city hotels’ performance.
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