Listed SM Investments Corp. (SMIC) reported on Friday that its net income dived to P23.4 billion last year as its businesses suffered from the impact of the coronavirus pandemic.
In a filing, the holding company of the Sy Group said the amount was a 48-percent decrease from P44.6 billion in 2019. Its consolidated revenues also dropped by 21.5 percent year-on-year to P394.2 billion from P502 billion, it added.
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