Latest Stories

SM nets P7.4 B in 1st Q


Henry Sy Sr. file photo

MANILA, Philippines—Tycoon Henry Sy’s SM Investments Corp. grew its first quarter net profit by 22 percent year-on-year to P7.4 billion on the back of the group’s banking business alongside the growth in mall and property units.

Revenues increased to P56.8 billion from P49.6 billion in the first quarter of 2012 while cash flow, as measured by earnings before interest, taxes, depreciation and amortization, rose by 36 percent year-on-year to P16.9 billion for an EBITDA margin of 29.7 percent. Return on equity amounted to 13.6 percent.

SM President Harley Sy said in a press statement: “We are encouraged by our first-quarter results. With the continuing rise in remittances from overseas Filipinos, the expansion of the country’s BPO (business process outsourcing) sector, and the recent credit upgrade of the Philippines to investment grade, we are confident of achieving even better results in the second quarter and beyond.”

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Banking , Business , Harley Sy , Henry Sy , net profit , property , SM Investments Corp.

  • parefrank

    That is about 30000 million over a year. And Sy is the main owner of SM. But have you read how much he pays taxes? Much less than Kris Aquino?
    This is the “reverse Philippine CCT”, the Cash Transfer from the poor to the big and rich.

  • tagaDumantay

    Namo mag share ka naman sa manggagawa mong puro contractual.

  • henri_see

    4.7 bil profit
    pero mas malaki tax ni kris.

  • http://www.ofwsinhongkong.wordpress.com/ pinoysahongkong2012

    If SM Investments Corp. is making so much profit, it should be more generous then in sharing with its stockholders part of its massive earnings.

    It shouldn’t just use its earnings for continued expansion, but should also thank its shareholders by being more generous in terms of giving out dividends.

    • http://www.businessinsider.com/the-art-of-war-sun-tzu-2011-5?op=1 Sun Tzu

      Asa ka pa, si Henry Sy yan noh!

      • http://www.ofwsinhongkong.wordpress.com/ pinoysahongkong2012

        If he’s stingy, shareholder activists should subject Sy to public ridicule by writing in different public fora and criticizing his stinginess.

    • http://www.facebook.com/billy.reyes.984 Billy Reyes

      stockholders get their share accordingly to the appropriate share earning of the company. It is very accurate & standard, hindi pwedi lang yan ipamigay o ibalato dahil kumikita ang kompanya. Common man what do you think of the corporation law pakikisama culture.
      And if you are a shareholder & you don’t like the way company run you can always withdraw your shares & invest it in other company.

      • http://www.ofwsinhongkong.wordpress.com/ pinoysahongkong2012

        Of course, not all earnings are given as dividend payouts. But certain business owners are more enlightened and less greedy than the others who think more of themselves than their shareholders.
        And sure, shareholders can liquidate their holdings in companies with stingy and selfish managements.
        But where will this defeatist stance leave the investing community in general? Still very much at the beck and call of controlling shareholders.
        I still say that small shareholders should band together and shame publicly the controlling shareholders of companies which merely give peanuts to their small shareholders instead of giving decent dividend payouts.
        If more and more small shareholders can do this, we can well expect the small investing community to benefit more from their stocks investments.

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Camilla’s brother dies of NYC head injury
  • Nepal officials go to Everest to try to end crisis
  • Escudero ready to defend self should name appear in Napoles’ list
  • Obama calls for peaceful end to island dispute
  • Russia not abiding by agreement on Ukraine—Obama
  • Sports

  • Promoters Dela Hoya, Arum in talks for Pacquiao-Alvarez—report
  • Benzema guides Madrid to 1-0 win over Bayern
  • Suns’ Goran Dragic win NBA’s Most Improved Player award
  • Heat go up 2-0, hold off Bobcats 101-97
  • Ronaldo shakes off injury fears to play Bayern
  • Lifestyle

  • Photos explore dynamics of youths’ sexual identity
  • 12th Philippine Food Expo set at the World Trade Center
  • No tourist draw, Malang the croc will remain wild
  • The best flavors of summer in one bite, and more
  • Homemade yogurt, bread blended with pizza, even ramen
  • Entertainment

  • Has Ai Ai fallen deeply with ‘sireno?’
  • Sony developing live-action Barbie comedy
  • California court won’t review Jackson doctor case
  • Return of ‘Ibong Adarna’
  • Practical Phytos plans his future
  • Business

  • Facebook profits triple as mobile soars
  • Insular Honors Sales Performers at Testimonial Rites
  • Apple increases stock buyback, will split stock
  • Cost-recovery provisions for affected gencos urged
  • This time, BIR goes after florists
  • Technology

  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • PH-HK relations repaired, but families of victims still being courted
  • Filipinos in Middle East urged to get clearance before returning
  • PH seeks ‘clearer assurance’ from US
  • China and rivals sign naval pact to ease maritime tensions
  • What Went Before: Manila bus hostage crisis
  • Marketplace