SM Prime books 9% growth in net income

·1 min read

SM PRIME Holdings Inc. reported a nine percent increase in consolidated net income to P15.6 billion in the first nine months of 2021 from P14.4 billion in the same period last year.

Consolidated revenue was recorded at P56.8 billion, six percent lower from P60.7 billion in the same period being reviewed.

The residential business accounted for 56 percent of the firm’s nine-month consolidated revenues registering P32.1 billion, six percent lower from last year’s P34.2 billion while the mall business accounted for 28 percent of the firm’s consolidated revenues, recording P15.8 billion in revenue in the first three quarters of 2021, 14 percent lower from last year’s P18.3 billion. (PR)

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