SM Prime H1 earnings up 13% to P22.1B
SM Prime Holdings Inc. | PHOTO: Official website of SM Prime / smprime.com
Property giant SM Prime Holdings Inc. saw its earnings in the first half climb by 13 percent to P22.1 billion, driven by higher revenues across all its businesses.
The Sy-led company on Monday said consolidated revenues during the period rose by 8 percent to P64.7 billion.
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“SM Prime’s growth in the first half of 2024 remains steady as we realize value from out past expansion projects across our business portfolio,” SM Prime president Jeffrey Lim said in a statement.
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In the second quarter alone, the company’s earnings expanded by 16 percent to P11.6 billion, while revenues grew by a tenth to P34 billion.
READ: SM Prime wraps up P25-B slice of P100-B debt plan
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