SM Investments Corp. said it closed the first nine months of the year with a profit of P60.9 billion, up 9 percent from P55.9 billion last year.
Consolidated revenues grew 5 percent to P462.5 billion, up from P440.4 billion.
Of total net income, banking accounted for the largest share at 50 percent while property accounted for 27 percent. Retail pitched in 15 percent while portfolio investments contributed 8 percent.
SM Retail posted profit P12.8 billion, up from P13.7 billion, over revenues of P301.8 billion, up 4 percent.
BDO Unibank Inc. posted profit of P60.6 billion, up 12 percent while China Banking Corp. reported profit of P18.4 billion, up 13 percent. SM Prime Holdings Inc. grew its profit by 12 percent to P33.9 billion from P30.1 billion, over revenues of P99.8 billion, up 8 percent.
