Posts Tagged
SM Prime Holdings Inc.
SM Prime Sets Aside P80B CapEx For Expansion Projects
Manila, Philippines—SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, has set around P80 billion capital expenditure (CapEx) for its expansion projects and further land banking investments in the Philippines this year. “…2019 marks another era for SM Prime as we celebrate our 25th year
SM to Build the World’s Biggest IKEA Store in the Philippines
Manila, Philippines–SM Prime Holdings, one of the largest integrated property developers in the region, is set to construct another mixed-use building in the Mall of Asia (MOA) complex in Pasay City. This development will house the first IKEA furniture store in the Philippines, which is expected to launch in 2020.
SM Prime Announces P27.6B Net Income in 2017
Manila, Philippines–Integrated property company SM Prime Holdings, Inc. (SM Prime) registered a recurring net income growth of 16% in 2017 to P27.6 billion from P23.8 billion in 2016. Consolidated revenues grew 14% to P90.9 billion in 2017 from P79.8 billion in 2016. Overall operating income improved by 15% to P40.6 billion
SM Prime Hits P1 Trillion Market Value
Manila, Philippines—SM Prime Holdings Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, reaches P1 Trillion market value this week on the back of favorable market outlook. This makes SM Prime the first Philippine company to reach this milestone in the market. “SM Prime acknowledges the
SM Prime Reports 15% Increase in Consolidated Net Income
Manila, Philippines—SM Prime Holdings Inc. (SM Prime), one of the Philippines’ leading integrated property companies, reported a consolidated net income growth of 15% to P4.9 billion in the third quarter of 2016 from P4.2 billion in the same period last year. Overall revenues in the third quarter also went up