Press Release | November 08, 2022
GERI income nearly triples during Q3 of 2022
GERI income nearly triples during Q3 of 2022
Megaworld subsidiary Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated tourism estates, almost tripled its net income for the third quarter from P206.7-million last year to P598.9-million this year driven by stellar growth from our real estate, leasing, and hotel revenues. Net income attributable to parent company’s shareholders surged 231.4% to P557.8-million during the quarter from last year’s P168.3-million.