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BusinessWorld August 5, 2021 | 12:08 am SM Investments Corp. (SMIC) on Wednesday said its first-half net income surged to P20.1 billion, nearly three times its P7.1-billion profit booked in the same period last year as revenues grew by four percent. The company finished with a topline of P193.5 billion in the first six months from P185.5 billion year on year. It did not provide figures specific to the second quarter. “Our businesses continued to perform resiliently, recovering well as conditions allowed,” SMIC President and Chief Executive Officer Frederic C. DyBuncio said in a statement. “Our banking and residential businesses performed well as we also continued to invest in long term expansion with new stores, bank branches, residential project launches, and investments in malls,” he added.

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