15 Nov
2024
SM Prime Expands to New Markets with SM Residences
(November 14, 2024, Pasay City, Philippines) – SM Prime Holdings, Inc. (SM Prime), one of the largest integrated property developers in Southeast Asia, is undertaking a strategic reformat and expansion of
11 Nov
2024
SM Prime Net Income Rises by 12% in 9M 2024
(November 11, 2024, Pasay City, Philippines) – SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, recorded PHP33.9 billion consolidated net income in the
01 Nov
2024
SM Group Stands in Solidarity with Typhoon Kristine Victims
Typhoon Kristine brought significant challenges to communities across Luzon. In the face of this adversity, the SM Group mobilized its resources to provide immediate relief and support to those affected.
31 Oct
2024
2024 WIN DRR Awards Honors Outstanding Women Leaders
The United Nations Office for Disaster Risk Reduction (UNDRR), the Australian government, and SM Prime recognize female trailblazers in disaster risk reduction. The United Nations Office for Disaster Risk Reduction
25 Oct
2024
International Exhibit and Fire Square Road Show Address Disaster Risks at SM Mall Of Asia
As the world comes together to observe the International Day for Disaster Risk Reduction (IDDRR) 2024 in October, an increased awareness on disaster risk reduction becomes everyone’s responsibility in the
23 Oct
2024
SM and Eye-Able® Pioneers Digital Accessibility in the Philippines
SM Cares is taking a significant step towards digital inclusivity by launching Eye-Able® on the SM Supermalls website. Starting October 21, users will experience a more accessible, user-friendly interface designed
23 Oct
2024
SM Prime Expands Visayas Footprint with Opening of SM City J Mall in Mandaue City
Pasay City, Philippines [October 23, 2024] – SM Prime Holdings, Inc. (SM Prime), a leading integrated property developer in Southeast Asia, has announced the grand opening ofSM City J Mall
22 Oct
2024
SM Life at SM Prime Group honored as 2024 PMAP People Program of the Year
The SM Prime Group has been recognized as the National Awardee for its SM Life program, winning the People Program of the Year 2024 (Employee Experience and Engagement category) at
18 Oct
2024
Private Sector Resilience Initiatives Take Center Stage at APMCDRR 2024
The Asia-Pacific Ministerial Conference on Disaster Risk Reduction (APMCDRR) 2024 was held with a strong focus on the private sector’s role in building resilient communities. Hosted annually by the Philippine
16 Oct
2024
SM Hotels and Conventions Corp. (SMHCC) Launches Tela Tales in Iloilo and Bacolod
After the success of its Manila launch, SMHCC brings Tela Tales to the “City of Love” and “City of Smiles,” in partnership with Park Inn by Radisson Iloilo and Bacolod.
Stories
09 May
2007
SM Prime nets P1.5 B in Q1, up 11%
SM Prime Holdings, Inc., the country’s leading shopping mall developer and operator, reported an 11 percent rise in net income for the first quarter of the year to P1.5 billion, while EBITDA jumped 19 percent to P2.5 billion for an EBITDA margin of 71 percent.
09 May
2007
SM Prime profit jumps 11% to P1.5B in Q1
Shopping mall giant SM Prime Holdings Inc. posted a net profit of P1.5 billion in the first quarter this year, up 11 percent from a year ago on higher income from lease operations.
09 May
2007
New shopping malls earnings raise SM Prime’s net income
SM Prime Holdings Inc. said on Tuesday its first-quarter earnings climbed with the addition of new malls and the expansion of existing ones. In a statement, the Philippines’ biggest mall developer and operator said its net income for the first three months rose 11 percent to P1.5 billion.
03 May
2007
SM PRIME ‘Willing To Wait’ For Control Of South Road Properties
SM Prime Holdings Inc. (SMPHI) president Hans Sy has said the company is willing to wait on its plan to take full control over the 295-hectare (ha) South Road Properties (SRP) in Cebu City.
03 May
2007
Philippines’ property sector is red-hot
THE talk at a recent dinner party in Hong Kong hosted by one of Europe’s largest banks for a group of wealthy clients was centred – surprisingly – on the Philippine property sector.
24 Apr
2007
SM Prime sets aside P35 B to continue expansion binge
SM Prime sets aside P35 B to continue expansion binge Top mall developer SM Prime Holdings Inc. is spending P35 billion over the next five years for the construction of new malls as well as the expansion or renovation of existing malls nationwide.
24 Apr
2007
BusinessWorld: SM Prime sets P35-B plan
SM Prime Holdings, Inc., the country’s largest shopping mall developer and operator, will spend P35 billion in the next five years to open new malls and expand existing ones, President Hans T. Sy said yesterday.
24 Apr
2007
Philippine SM Prime 1Q Rev Likely Up 20%-25% On Year By Newswires
SM Prime Holdings Inc.’s (SMPH.PH) first-quarter revenue likely rose 20%-25% on year on the continued expansion of its shopping mall network, company executives said Monday. SM Prime Executive Vice President Jeffrey Lim said preliminary figures showed 20%-25% on-year growth in revenue in the quarter ended March 31, while same-store sales were up 7% on year.
24 Apr
2007
Philippines’ SM Prime sees 10-13 pct increase in net profit in 2007
SM Prime Holdings Inc expects its net profit to increase by 10-13 pct this year from 5.45 bln pesos last year, according to its president, Hans Sy. ‘Two-thousand-and-seven is very promising in terms of guidance. We are looking at a 10-13 pct increase over 2006 net earnings with the opening of three new malls in Bacolod, Tagaytay and Muntinlupa.
24 Apr
2007
Philippines SM Prime Hikes Capital To PHP20B From PHP10B
SM Prime Holdings Inc.’s (SMPH.PH) revenue in the first quarter likely rose 20%-25% on year, on the back of the continued expansion of its malls, company executives said Monday.
