SM Investments nets P18.4B in Q1

By Brix Lelis

May 09, 2024 12:25 am

SM Investments Corp. (SMIC), the listed holding firm of the Sy family, notched a 6-percent rise in first quarter net income to P18.4 billion from P17.3 billion a year earlier, driven by a 4-percent increase in revenues.

Consolidated revenues during the quarter rose to P144 billion from P138.3 billion, the conglomerate told the stock exchange on Wednesday.

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