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.
Read more: http://pageone.ph/sm-net-income-up-26-in-q1/