Megaworld profits up 15% as of September

The Andrew Tan-led Megaworld Corp. posted an increase of 15 percent in its nine-month net income, which was supported by the strong sales from its residential developments in its township projects as well as strong leasing income from its business process outsourcing and retail portfolio.

In a filing with the Philippine Stock Exchange, Megaworld disclosed on Wednesday that its net income rose 15 percent year-on-year to P6.6 billion from P5.7 billion in the first nine months of 2013.