SM Prime Holdings Inc. said its net income in 2022 rose 38 percent to P30.1 billion from P21.8 billion in 2021 on the recovery of its malls. Know more:
SM Prime Holdings Inc. said its net income in 2022 rose 38 percent to P30.1 billion from P21.8 billion in 2021 on the recovery of its malls.“We are pleased to report that we ended 2022 on a positive note despite the challenges faced for the most of the year, owing to the robust consumer spending particularly in the last quarter,” Jeffrey Lim, SM Prime president, said.
With the resumption of full rental fees in the second half of 2022, SM Prime’s local mall rental income went up by 92 percent to P44.1 billion from P23 billion in 2021. As of end-December, SM Prime has 82 malls in the Philippines, consisting of 58 malls in the provincial areas, and 24 malls in Metro Manila.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Revenge shopping boosts SM Prime's net income by 38% to P30.1 billion in 2022For 2023, SM Prime president Jeffrey Lim says they're monitoring the impact of inflation and interest rates on their supply chains.
Read more »
SM Prime profit rises 38% as full rental fees resume - BusinessWorld OnlineSM PRIME HOLDINGS, INC reported a 38.1% growth in its consolidated net income to P30.1 billion last year from P21.8 billion a year earlier as it resumed collecting full rental fees in malls. “We are pleased to report that we ended 2022 on a positive note despite the challenges faced for the most of the […]
Read more »
Philippines ranks 77th out of 132 countries in 2022 Global Knowledge IndexThe Philippines placed 77th among 132 countries in the 2022 Global Knowledge Index, which assesses a nation's expertise in terms of education, economy, technology, among others. | via philstarlife
Read more »
PH exports of strategic goods likely hit $4.5 B in 2022The government estimated that the country’s exports of strategic goods reached $4.5 billion in 2022 and is expected to further increase following the launch of the Strategic Trade Management Office (STMO) e-Licensing Platform.
Read more »
iPeople sees ‘good year’ as enrollment figures grow - BusinessWorld OnlineLISTED education company iPeople, Inc. performed well in 2022 on the back of the country’s economic recovery and growth in its enrollment numbers, a company official said. “I think in general, our enrollment growth has been quite strong. 2022 was a good year. Our total enrollment has grown by double-digits,” iPeople President Alfredo I. Ayala […]
Read more »
Prayuth narrows gap in poll on top choice for Thailand prime ministerThailand's election this May will showcase the bitter rivalries at the heart of 17 years of on-and-off political tumult in Southeast Asia's second-biggest economy.
Read more »