Aug. 4 (Bloomberg) — 2Q sales +11% to 18.08b pesos, co. says in stock exchange filing.

1h net income +12% to 9.8b pesos; sales +7% to 33.42b pesos

“The results were very encouraging as we sustained our growth from the previous quarter. This gives us confidence to meet our full year target. We are looking forward to hitting our key targets for the rest of the year. This should pave the way in achieving our 5-year roadmap set in  April of this year,” President Hans T. Sy says in statement 

SM Prime shares +3.6%, poised for biggest gain since April 21

Real estate sales recovered in 2Q, rising 9% to 6.89b pesos vs 17% drop in 1Q