SM Investments' 9-month earnings rise by 79%

France Nouvelles Nouvelles

SM Investments' 9-month earnings rise by 79%
France Dernières Nouvelles,France Actualités

The SM Group's holdings firm disclosed a net income of ₱27.2 billion from January to September — up from last year's ₱15.2 billion — amid higher earnings from its retail, property, and banking businesses

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Stronger performances from its business units led to higher earnings for SM Investments from January to September, according to its latest disclosure.

SM Retail logged earnings of ₱4.8 billion during the nine-month period, more than double the ₱2.2 billion tallied last year, amid"sustained" growth in SM Store and specialty store sales along with management of costs.

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