Property developer SM Prime Holdings Inc. said Monday net income grew 18 percent in 2019 to P38.1 billion from P32.2 billion in 2018 on the back of a steady growth in mall and residential revenues.
SM Prime said in a disclosure to the stock exchange consolidated revenues climbed 14 percent to P118.3 billion in 2029 from P104.1 billion in 2018. Consolidated operating income rose 17 percent to P56.7 billion from P48.3 billion a year earlier.