MANILA, Philippines --- Southeast Asian property giant SM Prime Holdings grew net profit in the first three months by 16 percent year-on-year to P8.8 billion on higher earnings from rental portfolio and residential development. First quarter consolidated revenues rose by 14 percent year-on-year to P26.5 billion while operating income increased by 17 percent to P13 billion, SMPH disclosed to the Philippine Stock Exchange on Monday. "SM Prime continues to benefit from the overall growth of the Philippine economy that boosts the household income of most families. We are optimistic that we will sustain this performance this year as we continuously expand our core bu...
Keep on reading: SM Prime Holdings nets P8.8B in Q1 2019
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