Strengthened by its diversified businesses,

Amid the continuing impact of the global pandemic, Megaworld, the country’s largest developer of integrated urban townships, posted total income of P2.5-billion and an attributable income of P2.4-billion, down 33% from the same period last year.

Emperador Inc., the largest global brandy company that owns the world’s iconic and best-selling brandy Emperador Brandy as well as Fundador Brandy, is increasing its capital expenditure to around 50% as it further expands its global footprint in various international markets.

Megaworld subsidiary Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated tourism estates, booked P4.4-billion in reservation sales during the first quarter of the year, a remarkable 104% surge compared to the same period last year, as the company continues to capitalize on the prevailing demand for residential and commercial properties even in the middle of a pandemic.

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