SM Prime Holdings Inc., which is known for its shopping mall operations, said its income declined by 46 percent in the first half, as the lockdown implemented by the government to contain the spread of Covid-19 affected most of its operations.

Revenues of the country’s largest property developer fell 23 percent to P43.7 billion, from last year’s P57 billion.

Read more: https://businessmirror.com.ph/2020/08/04/sm-prime-income-plunges-in-h1-due-to-mall-closures/