SM Prime Holdings Inc. (SM Prime), the country’s leading integrated property company, said Monday its net income in 2015 shot up by more than half, propelled mainly by rental revenues from mall operations and one-time trading gains.
In a disclosure to the Philippine Stock Exchange (PSE), SM Prime said its net income last year rose 54 percent to P28.3 billion from P18.4 billion in 2014, inclusive of P7.4 billion in one-time trading gains on marketable securities booked in the first quarter of the year.
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