SM Investments nets P17.3B in first quarter

By Ed Paolo Salting

May 11, 2023 12:28 am

SM Investments Corp. (SM Investments) posted a 33-percent rise in consolidated net income to P17.30 billion in the first quarter, up from P13 billion a year earlier and attributed to resilient consumer demand.

'The year has started well, continuing from the strong momentum of 2022,' SM Investments President and Chief Executive Officer Frederic DyBuncio said in a statement.

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