In Photo: Today’s chief finance officers (CFO) are no longer just number crunchers, but serve as CEOs in waiting, according to the CFO Roundtable Forum recently held at the Ateneo de Manila University Loyola Heights Campus, which is a prelude to the awarding of the 2015 ING Finex CFO of the Year.

In 1985, Henry Sy Sr. opened his fist mall in SM North Edsa amid turbulent political and economic circumstances. Three decades later, SM has grown to become a successful retail monolith with 54 malls across the country and five in China. It is counted among the world’s largest and most profitable commercial center operators, the Asian equivalent of America’s Simon Property Group and Europe’s Klepierre Group.

(Bloomberg) — SM Prime’s revenue rose 9% y/y to 52.2b pesos in first 9 mos., Philippine co. says in stock exchange filing.

* Says 9-month net income 22.9 billion pesos, up 70 percent year-on-year

SOUTHEAST Asian property giant SM Prime Holdings Inc. posted a 70-percent year-on-year growth in consolidated net income to P22.9 billion in the first nine months, boosted by one-time trading gains early in the year.

SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company, said its consolidated net income surged 70 percent to P22.9 billion in the first nine months of 2015 amid the expansion of malls and real estate projects in the country.

MANILA – SM Prime Holdings Inc. reported profits of P22.9 billion in the first nine months of the year due to expansion efforts across all its businesses.

SM Prime Holdings Inc. saw its net income grow by 15 percent in the third quarter to P4.2 billion following its expansion, the company said in a disclosure on Monday.

MANILA – SM Prime Holdings, Inc. (SM Prime), the Philippines’ leading integrated property company, booked a whopping 70-percent surge in profit in the first nine months of 2015 on the back of the growth in rental revenues.

Net profit of SM Prime Holdings Inc., the country’s leading integrated property company, surged 70 percent in the first nine months of the year to P22.9 billion, boosted by a one-time trading gain of P7.4 billion on marketable securities in the first quarter of the year.