SM Prime’s Net Income Rose 14% in 2016
(20 February 2017. Pasay City, Philippines) SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company, registered a recurring net income growth of 14% in 2016 to PHP23.8 billion from PHP20.9 billion last year. Consolidated revenues grew 12% to PHP79.8 billion in 2016 from PHP71.5 billion in 2015. Overall operating income improved by 12% to PHP35.3 billion in 2016 from PHP31.4 billion the prior year. Growth was mostly driven by the continued expansion of its malls as well as the strong sales take-up of housing units.
Notice to Prospective Investors
Please be advised that SM Prime Holdings, Inc. does not directly sell its shares of stock to the public. For prospective investors, you may course your inquiries and investments through legitimate brokerage firms duly accredited by the Philippine Stock Exchange.