Property heavyweight SM Prime Holdings Inc. said core net income grew by 12 percent in the first quarter of the year to P5.8 billion from the P5.2 billion in the same quarter last year, driven by strong revenue from mall operations.
In a disclosure to the Philippine Stock Exchange on Monday, SM Prime reported that consolidated revenues surged by 10 percent to P18.2 billion from P16.7 billion in the same comparable period.
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