SM Net Income Up 26% In Q1

May 09, 2019

SM Investments Corporation (SM) posted net income growth of 26% to PHP10.7 billion in the first quarter of 2019 from PHP8.5 billion in the same period the previous year.

Consolidated revenues rose 15% to PHP109.0 billion from PHP95.0 billion in the same quarter in 2018.

“We continued to deliver double-digit growth to both our top and bottom line in the first quarter. Performance was strong across our businesses, particularly for our banks,” SM President Frederic C. DyBuncio said.