MANILA, Philippines, March 25, 2015 - Megaworld, the Philippines’ leading integrated urban township developer and biggest office developer and landlord, posted a net income of P21.6-billion (inclusive of P12.1-billion non-recurring gain) in 2014, 139% higher than in 2013. Without non-recurring gain, net income went up by 14% to P9.4-billion last year – reflecting an 18% annual growth since 2009 when net income was P4-billion, or more than double in a span of only five years. Iloilo Business Park - Megaworld's Php35B investment in Iloilo City Consolidated revenues, excluding non-recurring gain, rose by 15% to P41-billion with real estate sales increasing by 16% year-on-year to P24.6-billion and rental income growing by 17% to P7-billion.