Mall developer and operator SM Prime Holdings Inc. posted an 8 percent increase in net income in the first half the year to P3.4 billion defying weak market expectations due to the global crisis.

MARILAO, Bulacan—Bulakeño shoppers may now enjoy their malling activities better, even when they forget to pay their monthly bills or change their foreign currencies, when SM last week opened its new SM business service center (BSC) here.

IF consumers are cutting back on spending, they certainly aren’t doing so within the massive box-like structures which today form the backbone of Henry Sy’s retail empire.

SM Prime Holdings Inc. (SMPH), the Philippines’ largest mall operator, said its second quarter earnings rose after it opened new shopping centers and retail activity defied market expectations.

THE country’s biggest mall developer and operator announced on Thursday that its profit in the first six months climbed on the back of higher rental payments even if the economy has barely expanded at the start of the year.

PROFITS OF the mall and residential arms of the SM Group grew at the faster rate during the second quarter as customers continue to flock the Sy-led group’s products and services.

SM Prime Holdings Inc., the country’s top mall chain developer, expects to post a double digit growth in its revenues for the first half of the year on the back of its aggressive expansion program.

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.

THINGS CONTINUE to look good for the country’s largest mall operator, which yesterday hinted of positive April to May results. ‘It is good. Revenue is definitely double digit but for

MANILA, Philippines – SM Prime Holdings Inc., the country’s largest shopping mall developer, expects a double-digit growth in its top line for the first half of the year, driven by new mall openings.