The company generated P11.4 billion in consolidated revenues, with construction contributing P10.9 billion, or 95 percent of the total.
Real estate contributions
The real estate segment, now consolidated under PH1 World Developers, added P311.1 million, making up 3 percent of revenues.
The company’s earnings before interest, taxes, depreciation and amortization increased to P2.6 billion from P2.1 billion last year.
Healthy consecution orders
Megawide’s order book reached P48 billion, supported by new projects, including Citicore’s solar power plants and the Metro Manila Subway System Project.
The pre-cast and Construction Solutions (PCS) segment saw a 150 percent revenue increase, contributing 17 percent to the overall income.
Management’s view
“Construction has been a significant growth driver for the economy during the period as the government continued to push for infrastructure development, complemented by a more normalized operating landscape,” said Saavedra, the chair and CEO of Megawide.
“This benefitted our integrated operations, which sustained a strong start to the year and is expected to be a key engine for Megawide’s value creation model,” he added.
