SM Prime’s net income climbed by 27% to P9.4b in first quarter READ MORE:
First-quarter consolidated sales rose 20 percent to P28.7 billion from P23.9 billion on strong sales from its mall business.“We are pleased to report a strong first-quarter consolidated financial performance on SM Prime’s business. This is a testament to the resilience of our businesses and the hard work and dedication of our employees.
The China mall business also registered revenues of RMB0.2 billion in the first three months of 2023, almost the same level as last year’s. The company said, however, that cancellations were beginning to moderate in the first quarter of 2023. SMPH’s other key businesses, which include offices, hotels and convention centers, booked revenues of P3.2 billion in the first quarter, up 59 percent year-on-year.
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