SY family-led SM Prime Holdings, Inc. (SMPH) on Monday reported that its consolidated net income for the first nine months of 2024 grew 12 percent to P33.9 billion from P30.1 billion a year ago, driven by higher earnings from malls and other key businesses.
SY family-led SM Prime Holdings, Inc. on Monday reported that its consolidated net income for the first nine months of 2024 grew 12 percent to P33.9 billion from P30.1 billion a year ago, driven by higher earnings from malls and other key businesses.Consolidated revenues reached P99.8 billion, up 8 percent from last year's P92.6 billion.
Its nine-month result this year is just a little over P6 billion shy of surpassing the previous year's record.The company's mall business, which accounted for 57 percent of consolidated revenues, saw total revenues grow 8 percent year-on-year to P56.5 billion. Of this, mall rental income reached P48.5 billion, up 8 percent, while P8 billion came from cinemas, event ticket sales, and other revenues.The primary residential business posted revenues of P31.
Prime 9-Month Profit Up 12% To P34B
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