MANILA — SM Prime Holdings Inc. (SM Prime), one of the largest integrated property developers in Southeast Asia, booked a 17-percent increase in profit last year, driven largely by the strong performance of its shopping malls and residential businesses.

SM Prime told the local bourse on Monday its net income reached PHP32.2 billion in 2018 from PHP27.6 billion the previous year, while revenues grew by 14 percent to PHP104.1 billion from PHP90.9 billion,

Read more: http://www.pna.gov.ph/articles/1061563