|End-of-day quote - 08/05|
Megaworld : investing more in e-commerce
|06/29/2020 | 11:27pm|
In the coming weeks, the company is set to roll out digital platforms to enhance customer experience. "Our e-commerce platforms will give our customers the convenience and comfort that they need as we take their safety and well-being to a whole new level.
We will also do the same for our mall customers, which will also greatly help our retail tenants," Tan said.
This will include virtual ordering of food and beverage from various outlets inside the hotels.
Net income attributable to parent company stood at P3.5-billion, also down nine percent from P3.8-billion during the said period last year. "Our real estate sales still helped mitigate the impact of the challenges we faced during the quarter.
Our office portfolio, which remains very attractive to locators because they are mostly PEZA-accredited, provided a buffer against the expected weakness of our mall and hoteloperations. We keep an eye on effective strategies that will cushion the impact of these challenges for the rest of the year,"Tan said.
The company has also reduced its capital spending for the year from P60-billion to just P36-billion.
© Pakistan Press International, source