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SM Investments' 9-month earnings rise by 79%

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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

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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