SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Apr 17, 2017

2. SEC Identification Number

CS200411461

3. BIR Tax Identification No.

232-715-069-000

4. Exact name of issuer as specified in its charter

Megawide Construction Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

2/F Spring Bldg. Arnaiz Ave. cor. P. Burgos St., Pasay City, Metro Manila Postal Code 1300

8. Issuer's telephone number, including area code

655-1111

9. Former name or former address, if changed since last report

N/A

10. 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 / MWIDE	2,138,577,497
Preferred / MWP	40,000,000

11. Indicate the item numbers reported herein

Item 9

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 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification re Megawide's expected net income

Source	Manila Standard.net
Subject of News Report	Megawide expects P2.16-b net income
Date of Publication	Apr 16, 2017

Clarification of News Report
This is to clarify the news article entitled “Megawide expects P2.16-b net income” posted in Manila Standard.net on April 16, 2017. The article reported in part that: “Construction and engineering company Megawide Construction Corp. expects net income to rise 13 percent in 2017 to P2.16 billion from P1.92 billion in 2016, led by construction and airport businesses. Megawide said in presentation materials during a recent analysts briefing that revenues this year were estimated to reach P18.68 billion, up by 6 percent from P17.65 billion last year. Megawide said construction revenues were projected to rise 5 percent this year to P16.5 billion. Sales of the airport business were targeted to increase12 percent to P2.1 billion. Megawide and partner GMR Infrastructure of India took over the operations of Mactan Cebu International Airport in November 2014. . . . .” We confirm that Megawide Construction Corporation (Megawide) expects net income to rise 13 percent in 2017 to P2.16 billion from P1.92 billion in 2016, to be generated from the construction and airport businesses. We confirm that revenues this year were estimated to reach P18.68 billion, up by 6 percent from P17.65 billion last year. We confirm that construction revenues were projected to rise 5 percent this year to P16.5 billion. We also confirm that sales of the airport business were targeted to increase 12 percent to P2.1 billion. We further confirm that Megawide and partner GMR Infrastructure of India took over the operations of Mactan Cebu International Airport in November 2014. We trust that the foregoing is sufficiently helpful to you. Please do not hesitate to call us should you have any further questions. Thank you.
Other Relevant Information
None.