MANILA, Philippines -- The country's leading conglomerate SM Investments Corp. (SMIC) grew net profit last year by 13 percent to P37.1 billion on higher earnings across its core retail, banking, and property businesses. Consolidated revenues went up by 13 percent to P449.8 billion, SMIC disclosed to the Philippine Stock Exchange on Thursday. "Our very good results in 2018 were driven by all three core businesses, retail, banking and property, each of which delivered strong revenue growth and also strong earnings growth. We remain optimistic about the economic environment and growth opportunities for the group in 2019," SM president Frederic DyBuncio said in a di...
Keep on reading: SM Investments Corp. nets P37B in 2018
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