Megaworld posts faster profit growth

Wednesday, 18 April 2012 09:04

LISTED DEVELOPER Megaworld Corp. saw its 2011 net income grow by roughly 60% over year-ago levels on the back of higher real estate sales and leasing income, a filing with the Philippine Stock Exchange showed yesterday.

The listed property arm of Andrew L. Tan-owned Alliance Global Group, Inc. hiked its total net income for 2011 by a faster 59.64% to P8.03 billion from P5.03 billion the year previous.

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