LISTED property developer Megaworld Corp. reported net income of P2.9 billion for the first quarter of the year, up 11 percent from the same period last year, on the back of strong rental income and consistent residential revenues.
Consolidated revenues, including its subsidiary brands Global-Estate Resorts, Inc. (GERI), Empire East Land Holdings, Inc. and Suntrust Properties, Inc., amounted to P12 billion, up 5 percent from the previous year.
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