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.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details