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SM Group intensifies vaccination of stakeholders

SM Group intensifies vaccination of stakeholders
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SM commits to climate-related disclosures

SM Investments Corporation, the holding company of the Sy family, has committed to support of the Task Force on Climate-related Financial Disclosures (TCFD) in a strong bid to ensure its businesses meet global sustainability targets.
This was announced by SMIC during a Virtual Roundtable Discussion ....

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SMIC 'recovering well' as profit surges to P20B

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. ....

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SMIC nearly triples net profit to P20.1 B in H1

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. ....

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SMIC reports P9.5-B net profit in Q1, up 5%

Published May 5, 2021, 5:00 PM
SM Investments Corporation (SMIC), the flagship of the Sy family, reported a five percent improvement in consolidated net income to P9.5 billion in first quarter of 2021 from the P9.0 billion earned in the same period last year.
In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues in the first quarter stood at P96.9 billion, lower by 13 percent from P111.2 billion in the same period last year.
Banking accounted for 54 percent of SM’s reported net earnings from core businesses, followed by property at 33 percent and retail at 13 percent. The total assets of SMIC remained at P1.2 trillion. ....

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