Published August 4, 2021, 4:23 PM SM Investments Corporation (SMIC) reported a 183 percent jump in consolidated net income to P20.1 billion in the first half of 2021 from the P7.1 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues rose 4 percent to P193.5 billion in the first half of 2021 from P185.5 billion in the same period last year. Banking accounted for 58 percent of SM’s reported net earnings from core businesses, followed by property at 28 percent and retail at 14 percent. “Our businesses continued to perform resiliently, recovering well as conditions allowed,” SM Investments President and Chief Executive Officer Frederic C. DyBuncio said.