SM Prime [SMPH 32.65 0.91%] earned Q2/21 profit of P5.2 billion, up 145% from Q2/20 profit of P2.1 billion, and down 20% from Q1/21 profit of P6.5 billion. SMPH said that consolidated revenues were up 13% y/y to P20.3 billion, driven largely by the 35% increase in the collection of rent (from P5.5 billion last year to P7.5 billion this year) that coincided with the reopening of certain sectors of the Philippine economy.

Read more: https://www.philstar.com/business/stock-commentary/2021/08/09/2118704/q2…