LISTED builder Megawide Construction Corp. is upbeat about its earnings prospects this year following an improved first-quarter performance and the steady completion rate of ongoing and new projects.
These projects include Suncity Group's Westside City Resorts World project, Malolos-Clark Railway, and Metro Manila Subway System.At the company's annual stockholders' meeting on Wednesday, Megawide Chairman Edgar Saavedra said they were aiming to keep the firm's annual order book equivalent to two to three years' worth of revenues. Megawide 's order book at the end of March this year was reported to be at around P45 billion.
He said they also plan to create a 'diverse mix of high-yielding tenants to spur passenger spending in the terminal area.'In real estate, Megawide's wholly owned subsidiary PH1 World Developers will need to complete its projects on time to be able to convert its P3.2 billion reservation sales into revenues, he said.
Projects Fuel Megawide Optimism
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