Neil Jerome C. Morales
BusinessWorld
MEGAWIDE CONSTRUCTION Corp., a major contractor of SM Development Corp., nearly tripled its profits in the first quarter as more residential projects were completed compared to last year.
Net income surged by 191.35% to P104.1 million in the three-month period versus P35.73 million in the same period last year.
“Megawide Construction continues to experience unprecedented growth registering gross revenues of P1.35 billion for the first quarter of 2011.
This is an increase of 100% compared to revenues booked for the same period in 2010 of P675.6 million,” the company said.
Read here
BusinessWorld
MEGAWIDE CONSTRUCTION Corp., a major contractor of SM Development Corp., nearly tripled its profits in the first quarter as more residential projects were completed compared to last year.
Net income surged by 191.35% to P104.1 million in the three-month period versus P35.73 million in the same period last year.
“Megawide Construction continues to experience unprecedented growth registering gross revenues of P1.35 billion for the first quarter of 2011.
This is an increase of 100% compared to revenues booked for the same period in 2010 of P675.6 million,” the company said.
Read here
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