SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q
QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER
1. For the quarterly period ended Mar 31, 20222. SEC Identification Number CS2004114613. BIR Tax Identification No. 232-715-069-0004. Exact name of issuer as specified in its charter Megawide Construction Corporation5. Province, country or other jurisdiction of incorporation or organization Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office No. 20 N. Domingo Street, Barangay Valencia, Quezon CityPostal Code11128. Issuer's telephone number, including area code (02) 8655-11119. Former name or former address, and former fiscal year, if changed since last report Not Applicable10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common
2,013,409,717
Preferred
143,626,010
11. Are any or all of registrant's securities listed on a Stock Exchange? Yes No If yes, state the name of such stock exchange and the classes of securities listed therein: The Philippine Stock Exchange, Inc. - Common Shares (MWIDE) and Preferred Shares (MWP2A, MWP2B, and MWP4)12. Indicate by check mark whether the registrant:
(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)
Yes No (b) has been subject to such filing requirements for the past ninety (90) days Yes No
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Megawide Construction CorporationMWIDE
PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules
For the period ended
Mar 31, 2022
Currency (indicate units, if applicable)
Philippine Peso
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Mar 31, 2022
Dec 31, 2021
Current Assets
38,956,461,751
39,772,467,299
Total Assets
84,175,402,059
85,176,628,860
Current Liabilities
27,220,945,255
27,365,849,718
Total Liabilities
65,276,196,871
65,975,721,181
Retained
Earnings/(Deficit)
5,385,771,439
5,555,676,962
Stockholders' Equity
18,899,205,188
19,200,907,679
Stockholders' Equity - Parent
16,357,187,537
16,527,431,199
Book Value per Share
2.05
2.13
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Gross Revenue
4,219,682,531
3,831,651,892
4,219,682,531
3,831,651,892
Gross Expense
4,377,732,384
3,984,599,473
4,377,732,384
3,984,599,473
Non-Operating Income
54,870,187
108,487,088
54,870,187
108,487,088
Non-Operating Expense
601,548,948
517,858,630
601,548,948
517,858,630
Income/(Loss) Before Tax
-158,049,853
-152,947,581
-158,049,853
-152,947,581
Income Tax Expense
34,157,142
-15,029,473
34,157,142
-15,029,473
Net Income/(Loss) After Tax
-192,206,995
-137,918,108
-192,206,995
-137,918,108
Net Income Attributable to
Parent Equity Holder
-60,748,166
2,847,782
-60,748,166
2,847,782
Earnings/(Loss) Per Share
(Basic)
-0.08
-0.06
-0.08
-0.06
Earnings/(Loss) Per Share
(Diluted)
-
-
-
-
Current Year (Trailing 12 months)
Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)
-0.32
-0.58
Earnings/(Loss) Per Share (Diluted)
-
-
Other Relevant Information
The SEC Form 17-Q for the quarterly period ended March 31, 2022 of Megawide Construction Corporation ("Megawide") was amended to reflect the results of Punongbayan & Araullo's ("P&A") review of Megawide's Interim Condensed Consolidated Financial Statements as of March 31, 2022 (the "Interim FS"). In this regard, the Interim FS was reviewed by P&A, pursuant to Megawide's bond offering.
Filed on behalf by:
Name
Charlotte King
Designation
Corporate Secretary
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Megawide Construction Corporation published this content on 27 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2022 11:13:51 UTC.
Megawide Construction Corporation is engaged in the general construction business. The Company's business includes constructing, enlarging, repairing, or engaging in any work on buildings, houses and condominiums, roads, plants, bridges, piers, waterworks, railroads and other structures. Its segments include Construction Operations, Landport Operations, and Real Estate Operations. The Construction Operations segment relates to the general construction business, including constructing and sale of precast items and concrete production and rental of construction equipment. The Landport Operations segment relates to the development and implementation of the PITX Project. It also performs other allied construction businesses, such as construction and sale of precast items, concrete production, and purchase sale and/or lease of formworks system and construction equipment. The Real Estate Operations segment relates to buying, selling, leasing, developing and managing real estate properties.