SM Prime's expansion pays off as earnings soar in January-September 2019

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Property sales in Pampanga, Rizal, and Cavite, among others, boost SM Prime's earnings.

EXPANSION. SM Prime's expansion, particularly its residential segment, boosts its earnings in the 1st 9 months of 2019. Photo from SM Mall of Asia's Facebook page' net income soared by 18% to P27.6 billion in the 1st 9 months of 2019, as it sold more residential units in key growth areas within and outside Metro Manila during the period.

SMDC's revenues reached P31.9 billion in the January-September period from the P25.3 billion a year ago, representing a 26% growth year-on-year.

 

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