SM Investments Corporation, the flagship of the Sy family, posted a 27 percent growth in consolidated net income to P12 billion in the first quarter of 2022 from P9.5 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated revenues in...
SM Investments Corporation is bullish about the outlook for business with the revival of economic activities in the country. “We are encouraged by the continued recovery of our businesses which were severely affected by the pandemic. Our expansion plans remain on track and will accelerate as...
SM Investments Corporation’s shareholders have approved the company’s acquisition of Philippine Geothermal Production Company (PGPC) through the merger of SMIC with PGPC owner Allfirst Equity Holdings. In a statement SMIC said the acquisition is in line with its strong commitment to...
SM Investments Corporation, the flagship of the Sy family, remains on the lookout for high growth potential companies in the Philippines to beef up its investment portfolio. “We continue to be cognizant of companies in the Philippines that have the potential for high growth in the country,”...
SM Investments Corporation, one of the country’s biggest conglomerates, reported a 65 percent surge in net income to P38.5 billion last year from P23.4 billion in 2020. In a disclosure to the Philippine Stock Exchange, the holding company of the Sy family said its consolidated revenues grew 9...
SM Investments Corporation has listed its P15-billion fixed rate bonds at the Philippine Dealing and Exchange Corp. (PDEx) after the offering was 3.7 times oversubscribed to as much as P55 billion. Investors snapped up the bonds after the offering closed on February 11, 2022, a strong testament to...
SM Prime Holdings Inc. reported that it has reached an important milestone—breaching six million COVID-19 jabs administered through its mall network nationwide as part of its strong support of the country’s recovery agenda and vaccination drive. In a statement, SM Supermalls said it has...
SM Investments Corporation (SMIC) has taken control over 2Go Group Inc. with the completion of the divestment of Dennis A. Uy from the company in favor the Sy family’s investment arm and Singapore private equity fund Archipelago Capital Partners Pte. Ltd. In a disclosure to the Philippine Stock...
