MANILA, Philippines – SM Prime Holdings, the Philippines’ largest mall operator, likely posted a double-digit revenue growth for the second quarter after it put up more shopping centers.

The company’s topline from April to June and for the first half of the year improved by “double digits’ owing to its additional malls, Hans Sy, SM Prime president, told reporters on Wednesday.

He also cited “improved market share’ – owing to the company’s continuous expansion – as among the reasons for its growth.

SM Prime now has 34 malls across the Philippines. The company is eyeing to open two more for the remainder of 2009 to be located in Las Piñas and Rosario in Cavite.

On Thursday, SM Prime’s shares dropped some one percent to P9.60 each.