SM Prime earnings reach record P45.6B

SM Prime earnings reach record P45.6B

MANILA, Philippines — Real estate giant SM Prime Holdings Inc. shattered its own earnings record as rental income and sales boosted the company’s overall profitability. The Sy family-led developer disclosed to the stock exchange on Monday that its net income in 2024 jumped by 14 percent to an all-time high of P45.6 billion. Consolidated revenues

SM Prime: Earnings surge to all-time high last year

Shopping mall operator SM Prime Holdings Inc. on Monday said it posted its highest-ever consolidated net income of P45.6 billion in 2024, up 14 percent from P40 billion in 2023. The double-digit improvement was driven by higher contributions from all its business segments, the company said. Consolidated revenues for the…