SM First Quarter 2012 Net Income Grows 13% to Php6.0 Billion
Thursday, April 26, 2012
Source: SMIC IR
(26 April 2012. Pasay City, Philippines.) Philippine conglomerate SM Investments Corporation (SM) realized a net income growth of 13% to Php6.0 billion in January to March 2012, from Php5.3 billion during the same period in 2011. SM’s consolidated revenues, on the other hand, increased by 16% to Php49.7 billion from Php42.7 billion last year. The positive results of SM during the first three months of the year came from the robust growth in revenues and profits of its core businesses.