“For the first time since the pandemic, we have achieved double-digit growth across all business segments. This is a clear indication that we are on the right track in our goal to finally go back to the pre-pandemic levels of our core businesses,” Megaworld Chief Strategy Officer Kevin L. Tan said in a press release on Tuesday.
The company’s consolidated topline for the first six months reached P27.45 billion, 22.6% higher than the P22.4 billion in the same period the previous year. The company also recorded a surge in its rental income by 18.6% to P3.81 billion in the second quarter and a 19.2% increase to P7.51 billion in the first half.
The operator of 11 hotel properties, Megaworld Hotels & Resorts, posted 49% growth in its hotel revenues to P1.1 billion.
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