Megawide Posts 26% Surge in Q1 Net Income to P265 Million

Megawide Construction Corp. reported a 26% increase in its first-quarter net income, reaching P265 million, driven by strong performance in its construction and airport operations. The figure marks a significant improvement from the same period last year, reflecting the company's continued growth amid a recovering economy. Revenue contributions from both the construction segment and the Mactan-Cebu International Airport were key factors in the earnings boost.