Megawide bags P1.5B Belle casino project

Doris C. Dumlao
Inquirer.net

Newly listed Megawide Construction Corp. has bagged a P1.5-billion contract for a casino complex being developed along Manila Bay by leisure estate and gaming firm Belle Corp.
In a statement on Wednesday, Megawide said the new contract for the succeeding phases of Belle Grande Manila Bay complex includes construction of structural and civil works of two hotel towers, four condotels and an additional casino floor.

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Megawide Construction triples Q1 profits to P104.1 million

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.

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