Defining the News
SM Prime’s from left to right: Assistant Corporate Secretary Arthur Sy, Corporate Secretary Atty. Elmer Serrano, Chief Finance Officer and Chief Compliance Officer John Nai Peng Ong, President Jeffrey Lim, Independent Director Atty. Darlene Marie Berberabe, Chairman of the Board Henry Sy Jr., Vice Chairman and Lead Independent Director Amando Tetangco Jr.
Meanwhile, SM Prime’s residential business group, led by SM Development Corporation , recorded an 8% growth in revenues to PHP43.1 billion in 2023. The residential group’s gross profit rose by 15% to PHP25.4 billion, with reservation sales standing at PHP102 billion. SM Supermalls’ SM Cares and SMDC’s The Good Guys also remain actively engaged in various community initiatives, such as conducting community disaster preparedness programs, providing support programs for senior citizens and persons with disabilities, and promoting job generation and entrepreneurship through nationwide job fairs and MSME programs. Other initiatives include coastal clean-ups, the donation of school buildings and fire trucks, and the organization of eco-camps for youth.
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