LISTED SM Prime Holdings Inc.’s net income increased by 16 percent to P19.30 billion in the first half of 2019 from P16.62 billion in the same period last year, which it attributed to the stability of the Philippine economy.

In a disclosure on Monday, the Sy-led real-estate developer said its net profit for the second quarter also rose by 16 percent to P10.5 billion from P9.02 billion year-on-year.

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