SM Investments profit 10% higher at P40.2B

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SY-LED SM Investments Corp. (SMIC) on Wednesday reported a consolidated net income of P40.2 billion for the first six months (H1) of 2024, up 10 percent from last year’s P36.5 billion and led by higher retail sales and continued improvement in its bank and property portfolios.

For the second quarter (Q2), net income increased 13 percent to P21.8 billion, SMIC told the stock exchange.

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