SM 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. READ:
SM 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.
Meanwhile, the listed holding firm’s consolidated revenues increased by 28.6% to P105.8 billion last year from the P82.3 billion recorded in 2021. The increase largely came from its mall business, which posted Full rental fees resumed in the second half of last year, resulting in a 91.7% rise in local mall rental income to P44.1 billion from P23 billion. Other revenues, including those coming from cinema and event ticket sales, increased more than five times to P5.7 billion from P1.1 billion.
SM Prime’s consolidated operating income rose by 51.9% to P49.2 billion from P32.4 billion in the previous year.
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