SM PRIME Holdings, Inc. delivered a 16% profit increase in the January to March period, as its shopping mall, residential development, and commercial properties continued to see strong growth.

The Sy-led property developer said in a statement Monday that consolidated net income stood at P8.8 billion in the first quarter of 2019, higher than the P7.6 billion it posted in the same period a year ago.

Read more: https://www.bworldonline.com/sm-prime-q1-profit-grows-16/