News Formal

Lower mall income, rental earnings pull down SM Prime end-September net income by 48%

  • 📰 CNN Philippines
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

The integrated property developer earned ₱14.4 billion from January to September, almost 50 percent lower from last year as the pandemic forced quarantine restrictions across the country, effectively reducing foot traffic in malls.

SM Prime's net income from January to September dropped by nearly 50 percent from last year, as the coronavirus pandemic forced quarantine restrictions across the country, effectively reducing foot traffic in malls. .

Out of SM Prime's business ventures, malls took the worst blow from the pandemic. The mall business posted ₱18.3 billion as of September, 57 percent lower from the ₱42 billion it clocked in during 2019. Income from rentals, meanwhile, plunged by 52 percent to ₱16.8 billion during the period from last year's ₱35.1 billion.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 13. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

SM Prime 9-month income down 48 pct, core business sees 'slight recovery' as restrictions easeAt least there is revenue in SMDC leasing to Chinese POGO workers.
Herkunft: ABSCBNNews - 🏆 5. / 83 Weiterlesen »

SM Prime 9-month earnings down 48% in 2020SM Prime president Jeffrey Lim says profits of their mall business showed 'slight recovery' after the government eased lockdown restrictions. If by earnings you mean profit then they are several magnitudes better than the rest of the country.
Herkunft: rapplerdotcom - 🏆 4. / 86 Weiterlesen »