SY-LED property developer SM Prime Holdings, Inc. (SM Prime) posted a consolidated net income of P22.1 billion for the first half of 2024, up 13 percent from P19.4 billion a year ago and backed by strong sales.
SY-LED property developer SM Prime Holdings, Inc. posted a consolidated net income of P22.1 billion for the first half of 2024, up 13 percent from P19.4 billion a year ago and backed by strong sales.Consolidated revenue rose 8 percent to P64.7 billion from P59.9 billion, the company said in a disclosure Monday.
Total mall revenues for the first half grew 8 percent to P37.5 billion from P34.6 billion last year.The company's primary residential business unit accounted for 29 percent of consolidated revenues, contributing P10.4 billion in the second quarter and P18.9 billion from January to June, up 23 percent and 8 percent year-on-year, respectively.Reservation sales were at P40.2 billion in the first half of the year.
Prime H1 Profit Grows 13% To P22B
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