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)

Feb 12, 2018

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

Not applicable

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 expects profit cut in '18

Source	Inquirer.net
Subject of News Report	Megawide expects profit cut in '18
Date of Publication	Feb 12, 2018

Clarification of News Report
This is to clarify the news article entitled “Megawide expects profit cut in ‘18” posted in Inquirer.net on February 12, 2018. The article reported in part that: “Construction and engineering firm Megawide Construction Corp. expects to post a net profit of P1.85 billion this year, down by 14 percent from the estimated full year earnings last year, due to depreciation expenses from the opening of a new terminal in its Mactan-Cebu airport concession. Megawide president Edgar Saavedra said in a text message on Friday that the company’s full-year 2018 guidance was disclosed in a recent investors briefing to institutional clients of Deutsche Bank in Hong Kong and Singapore. “Consolidated revenues is projected to grow by 14.4 percent while consolidated Ebitda (earnings before interest, taxes, depreciation and amortization) is seen to jump by 26 percent, led by strong top line contributions from both our construction and airport operation business,” Saavedra said. The construction business was expected to deliver a 12-percent year-on-year growth while airport operation revenues were also expected to post 32-percent year-on-year growth, he said. “While net income in construction [is expected] to increase by 12 percent hitting the P1.3-billion mark, on the other hand, airport operation income will be soft compared to 2017 mainly because of depreciation impact, which is normal in an infrastructure business wherein you have huge capex (capital expenditure),” Saavedra said. . . . .” We confirm that Megawide (the “Corporation”) expects to post a net profit of P1.85 billion this year. We further confirm that the Corporation’s consolidated revenues is projected to grow by 14.4% while consolidated EBITDA is expected to increase by 26%. We also confirm that the Corporation expected a 12% year-on-year growth in construction, and 32% year-on-year growth in airport operation revenues. 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
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