(Bloomberg) — Net income in 3 mos ended March 31 fell to 5.84b pesos vs 12.6b pesos y/y, gross revenue slipped to 18.5b pesos vs 24.4b pesos y/y, according to SM Prime’s financial report to Philippine Stock Exchange.
• In 1Q 2015, SM Prime sold 7.4b pesos worth of securities Link
• 1Q 2016 recurring net income rose 12%
Bloomberg: SM Prime’s 1Q Net Falls 50% as Asset Sale Boosted Profit Yr Ago
Tuesday, May 3, 2016