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.
âOur businesses continued to perform resiliently, recovering well as conditions allowed,â SMIC President and Chief Executive Officer Frederic C. DyBuncio said in a statement.
âOur 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,â he added.
CTA cancels SM Synergy s P513-M taxes - BusinessWorld bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
(Photo via Tara Yap / MANILA BULLETIN)
“No legitimate market vendors will be displaced as based to the project’s Terms of Reference (TOR),” emphasized Treñas.
The city mayor and other city officials held a dialogue Tuesday with presidents of public market vendors associations in the districts of Arevalo, City Proper, Jaro, and La Paz.
The city government is again pushing for the rehabilitation of the five public markets here to become competitive.
“Once our markets have improved, this will help our vendors be competitive against supermarkets in malls. Additional stalls may also be expected since the markets will be made spacious for the vendors and consumers,” said Treñas.
Published May 3, 2021, 3:34 PM
SM Prime Holdings, Inc., one of the leading integrated property developers in Southeast Asia, reported a P6.5 billion consolidated net income in the first quarter of 2021, on the back of consolidated revenues amounting to P20.8 billion.
In a disclosure to the Philippine Stock Exchange, the firm said it registered a strong quarter-on-quarter net income performance posting an almost 80 percent growth from P3.6 billion in the last quarter of 2020, while consolidated revenues remain almost the same from the previous quarter.
The reopening of many businesses and increased mobility of people given the localized community quarantine measures drove the slight recovery of the company from the impact of COVID-19.
BusinessWorld
May 4, 2021 | 12:09 am
BW FILE PHOTO
SM Prime Holdings, Inc. on Monday reported a consolidated net income of P6.5 billion for the first three months of 2021, down 22% from the P8.3 billion earned in the same period last year.
Quarter on quarter, it noted an improvement of 80% compared with the P3.6-billion profit recorded in the fourth quarter of 2020, it said in a statement.
SM Prime’s first-quarter consolidated revenues went down by 19% to P20.8 billion from P25.8 billion year on year.
Its residential business led by SM Development Corp. accounted for 57% of the company’s consolidated revenues.
Revenues from the residential segment grew by five percent to P11.9 billion from the P11.4 billion seen in the January-to-March period in the previous year.