SM Prime income up 11% at P10.5B

SM Prime Holdings Inc. earned P10.5 billion in the first quarter on the back of a modest topline improvement, 11 percent higher from a year earlier and extending its growth momentum from 2023.

Revenues grew 7 percent to P30.7 billion from P28.6 billion while operating income was 6 percent higher at P14.7 billion from P13.8 billion, the mall landlord told the stock exchange on Monday.

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