According to the web search results, Megawide Corporation is a publicly listed company that engages in engineering, procurement, and construction services, as well as airport and landport operations in the Philippines¹. As of June 30, 2023, the company had total assets of **P97.8 billion** and total equity of **P24.9 billion**². The company also reported a net income attributable to equity holders of **P363 million** for the first half of 2023, a turnaround from the net loss of **P126 million** in the same period last year². The company's main revenue drivers were its construction and landport segments, which accounted for 98% and 2% of its total revenues, respectively². The company's construction segment posted revenues of **P10.97 billion** in the first six months of 2023, up by 55% from the previous year³. The company's landport segment, which operates the Parañaque Integrated Terminal Exchange (PITX), generated revenues of **P191 million** in the same period, down by 24% from last year due to the impact of the COVID-19 pandemic on public transportation³. The company expects to sustain its growth momentum for the remainder of the year as it capitalizes on its existing and upcoming projects, such as the Metro Manila Subway Project, the Malolos-Clark Railway Project, and the Mactan-Cebu International Airport Terminal 2³⁴.
Source:
(1) FY2020 Operating and Financial Results - Megawide Construction Corporation.
https://megawide.com.ph/wp-content/uploads/2021/04/HLD.-FIN.-IRO.-MWIDE-FY2020-Briefing.pdf.
(2) Megawide swings to net profit as revenues double.
https://www.bworldonline.com/corporate/2023/08/16/539895/megawide-swings-to-net-profit-as-revenues-double/.
(3) Megawide net income hit P363M after turnaround in H1 2023.
https://bing.com/search?q=megawide+corporation+revenue+and+profit.
(4) Megawide net income hit P363M after turnaround in H1 2023.
https://business.inquirer.net/417007/megawide-net-p363m-after-turnaround-in-h1-2023.
(5) Megawide’s Construction Unit Sustains Growth Momentum in 2021.
https://megawide.com.ph/megawides-construction-unit-sustains-growth-momentum-in-2021/.
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