Megaworld’s GERI Earnings Soar 14% to P1.7B in 2018

MANILA, Philippines, April 15, 2019 – Global-Estate Resorts, Inc. (GERI), a subsidiary of property giant Megaworld that specializes in integrated tourism and leisure township developments, grew its net income to a record high of P1.7-billion in 2018, up 14% from the previous year’s P1.5-billion. The company’s net income attributable to parent, on the other hand, reached P1.50-billion in 2018, up about 3% from the previous year’s P1.45-billion.