Top infrastructure constructions and firms in Philippines? Megawide is one of the leading engineering and infrastructure firms in the Philippines today, with a decisive portfolio in Engineering, Procurement, Construction and Transport-oriented Development. Its revolutionary construction and engineering solutions set new standards in the industry by integrating its first-world EPC capabilities with innovative construction technologies such as precast, formwork’s systems, concrete batching and construction equipment, logistics, and services. Read additional info at infrastructure Philippines. INNOVATION: we do not fear change but embrace it. Taking the chance to reinvent ourselves and our industry. We keep ourselves open to new ideas and fresh perspectives and look for better ways to deliver our output.
With a more stable operating environment, the construction segment recorded a net income of P401 million and more than four times the P93 million income posted in the previous year. However, weak results from the other business segments resulted in a consolidated net loss of P893 million, with net loss attributable to equity holders of the Parent tapering to P343 million. “The past two years under the pandemic were very difficult, as our financial performance was severely affected by restricted travel and transport. In addition, the virus’ evolving variants ushered in a fresh set of lockdowns and discouraged a return to normalcy. Amid all these, we relentlessly pursued programs that will strengthen our core businesses and make them more cycle-resistant to deliver for us stable earnings year in and year out,” Edgar Saavedra, Chairman and CEO of Megawide, said.
Engineering and innovation have been at the heart of Megawide’s transformation and vision since its inception. For more than two decades, the Company has been providing world-class structures and services to the Filipino people through its engineering and construction excellence and infrastructure innovation. These include projects under the government’s Private Public Partnership (PPP) program, which underwent a strict, transparent, and fair selection and evaluation process, and operate in compliance with all applicable laws, rules, and regulations.
These efforts were recognized by different international and domestic award giving bodies. Some of our awards for MCIA include: The Medium Airport of the Year in Asia Pacific by the CAPA Center for Aviation among airports with over 10 million annual passengers in 2018; Regional Airport of the Year in 2016 by CAPA, recognizing it as a leader in advancing the local aviation industry; The World Architecture Festival in the Completed Buildings-Transport category in 2019; Ani ng Dangal (Harvest of Honors) Awards – Architecture and Allied Arts of the Philippine government this 2020.
Megawide Construction Equipment, Logistics and Services (CELS) delivers superior and cost-effective end-to-end services through an extensive roster of first-world equipment for construction, material handling, earthmoving, concrete delivery, and vehicles for transport and logistics. These world-class construction solutions enable maximum efficiency with shorter timelines. Megawide CELS also provides equipment leasing options to clients. Discover extra info at megawide.com.ph.