SM Prime net profit climbs 17% to P32.2 billion in 2018 0 SHARES Share it! Share TweetBy James A. LoyolaSM Prime Holdings, Inc. (SM Prime), one of the largest integrated property developers in Southeast Asia, registered a 17 percent growth in consolidated net income to P32.2 billion last year from P27.6 billion in 2017. Consolidated overall operating income improved by 19 percent to P48.3 billion in 2018 from P40.6 billion of the previous year. “The successes and achievements we are reaping today are the hard work, strategy and partnerships we built five years ago when we consolidated all the key property companies of SM Group under SM Prime,” SM Prime President Jeffrey Lim said. The rest of SM Prime’s businesses registered a combined revenue growth of 7 percent to P8.4 billion in 2018 from P7.9 billion of the previous year.

Source: Manila Bulletin February 11, 2019 14:01 UTC