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Megaworld Corp. told the Securities and Exchange Commission it earned a net income of P860.7 million from revenues of P2.01 billion in 1999. Megaworld's cash balance amounted to P1.5 billion as of end-1999. Bank loans totaled P100 million. The largest residential developer in Metro Manila, Megaworld has completed 23 projects since it went public in 1994. Of these, 12 were finished from 1997-1998. Five more projects are slated for …