SM Investments Corp. (SMIC), the conglomerate of business magnate Henry Sy, reported a slight decline in net profit for the first nine months due to low trading gains from its banking unit.
In a statement e-mailed to media, SMIC said its net income from January to September slipped 2.1 percent to P18.2 billion from P18.6 billion in the same period last year as its banking unit posted lower profits.
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