MWIDE eyes more PPP projects next year

04 Dec

Megawide Construction Corp. (MWIDE) raised PHP 4 billion on the sale of perpetual preferred shares wherein 50% of the proceeds will be used for current public private partnership projects, while the other half will be earmarked for new PPP projects the company will bid for next year.

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The company is targeting a 30/70 revenue mix between recurring income and its traditional construction business in the next 3 years.

In the medium term, 5-7 years from now, MWIDE plans to hit 50/50 revenue mix. Currently, Megawide’s sole revenue source is its traditional construction business.

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Posted by on December 4, 2014 in Corporate News, MWIDE, Stock Market


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