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Revenues

Business

Megaworld’s H1 Profit Up 11% to P9.81-B

Property giant Megaworld reported robust financial performance for the first half of 2024. The company achieved a net income of P9.81-billion during the first half, marking an 11% increase from the same period last year. Net income attributable to shareholders of the parent company grew 9% year-on-year to P8.55-billion.

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Business

𝐴𝑚𝑖𝑑 𝑚𝑎𝑟𝑘𝑒𝑡 𝑟𝑒𝑝𝑎𝑖𝑟: Globe logs 8% growth in mobile revenues in Q1, mobile data key driver

Globe posted a healthy 8% rise in mobile revenues for the first quarter of 2024, reaching Php 29.1 billion, compared to Php 27.1 billion in the same period last year largely driven by mobile data usage. The growth in mobile spurs optimism in the sector despite challenging economic conditions impacting consumer spending.

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