SM Investments Corp., the holding firm of the Henry Sy family, closed the first half of the year with a net income of P42.6 billion, a modest growth of 6 percent from P40.2 billion last year.
Revenues grew 6 percent at P319.2 billion from P301.4 billion last year, according to Frederic C. DyBuncio, SM Investments chief executive officer (CEO) and president.
The SM Retail business grew its profit by 10 percent to P8.4 billion from P7.6 billion.
The banking business under BDO Unibank Inc., posted a 3 percent increase in profit at P40.6 billion from P39.4 billion. SM Prime Holdings gained 11 percent to its all-time high of P24.5 billion.
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