Megaworld Corp. registered profit of P14.4 billion in 2021, up 36 percent from P10.6 billion in 2020. Profit less minority interest reached P13.4 billion, up 36 percent from P9.9 billion.
Revenues hit P50.8 billion, up 17 percent from P43.5 billion.
Real estate hit P31.1 billion, up 25 percent from P24.9 billion as construction activities picked up during the year. Reservation sales were at P80 billion, up 17 percent from P68.1 billion in 2020.
The company launched 11 new residential and commercial lot projects with a total sales value of P28 billion in 2021, more than triple from the previous year’s launches.
In 2021, Megaworld Premier Offices hit a record high in rental income at P11.1 billion as it closed around 236,000 square meters of new and renewal transactions.
Megaworld Lifestyle Malls posted P2.3 billion in rental income, down 10 percent lower.
Megaworld Hotels & Resorts posted revenues of P1.9 billion, up 30 percent from P1.5 billion.
