Office, mall, residential, and hotel businesses see double-digit growth during the year Megaworld, the country’s largest developer of integrated urban townships, saw its net income grow by 17% to P15.8-billion in 2018 from P13.6-billion (excluding P113-million non-recurring gain) the previous year. Net income attributable to parent company ended at P15.2-billion by end-December 2018, a 17% jump from P13.0-billion in 2017 (excluding P113-million non-recurring gain). Consolidated revenues grew about 15% to P57.4-billion in 2018 from the previous year’s P50-billion (excluding P113-million non-recurring gain). The company’s rental businesses, comprising of office and lifestyle mall leasing, strongly contributed to the topline, soaring 21% to P14.3-billion in 2018 from the previous year’s P11.8-billion. This contributed 25% of the total consolidated revenues during the year. In 2018 alone, Megaworld has already achieved over 70% of its rental income target of P20-billion ...