SM Investments net income up 11 pct in first half | ABS-CBN
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SM Investments net income up 11 pct in first half
SM Investments net income up 11 pct in first half
ABS-CBN News
Published Aug 04, 2016 01:19 PM PHT
MANILA - SM Investments Corp. said Thursday net income in the first six months of the year grew 11 percent, reflecting robust consumer demand that was boosted by the election campaign.
MANILA - SM Investments Corp. said Thursday net income in the first six months of the year grew 11 percent, reflecting robust consumer demand that was boosted by the election campaign.
Consolidated net income in the January to June period reached P15 billion, the conglomerate told the stock exchange. Excluding extraordinary items, income grew eight percent.
Consolidated net income in the January to June period reached P15 billion, the conglomerate told the stock exchange. Excluding extraordinary items, income grew eight percent.
Consolidated revenues rose 8.5% to P151.1 billion in the first half from PHP139.2 billion in the same period last year.
Consolidated revenues rose 8.5% to P151.1 billion in the first half from PHP139.2 billion in the same period last year.
SM Investments said its property business comprised 41 percent of income, followed by banks with 38 percent and retail with 21 percent.
SM Investments said its property business comprised 41 percent of income, followed by banks with 38 percent and retail with 21 percent.
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