SM Prime Holdings Inc. (SMPH.PH) said Tuesday net profit in the second quarter rose 12% on year on a double-digit rise in revenue following the continued expansion of its shopping mall network.

SM Prime Holdings Inc , the Philippines’ largest mall developer, posted on Tuesday an 11 percent rise in first-half net income to 2.9 billion pesos (US$ 64 million), helped by new mall openings.

SM Prime Holdings, Inc. (SM Prime), the country’s dominant shopping mall developer and operator, posted a 22 percent year-on-year increase in gross revenues for the first half of 2007 to P7.45 billion.

SM PRIME Holdings, Inc., the country’s largest shopping mall developer and operator, saw an 11 % increase in net income for the first half of the year, to P2.9 billion.

SM PRIME Holdings, Inc., the country’s largest shopping mall developer and operator, saw an 11 % increase in net income for the first half of the year, to P2.9 billion.

SM Prime Holdings, Inc. (SM Prime), the country’s dominant shopping mall developer and operator, posted a 22 percent year-on-year increase in gross revenues for the first half of 2007 to P7.45 billion.

Among the many customers that enjoy going to SM are the physically-challenged who shop together, eat out together, and have fun with their families and friends.

Department store magnate Henry Sy is expanding its investments in China with the addition of one more mall in Chongqing, Sichuan province, making a total of four SM malls in China.

Local taipans are expanding in Chongqing even if a 300-man delegation of businessmen from that city is coming to check opportunities from motorcycle assembly to mining in the Philippines.

Taipan Henry Sy Sr. is expanding his offshore investments in China with the construction of a third SM mall in Chongqing, a chartered city right in the middle of the mainland.