HENRY Sy-led SM Investments Corp. (SMIC) said Wednesday its recurring income for the first half of the year rose 16 percent from a year ago driven by a strong economy and resilient consumer sentiment.
“Income grew 9 percent to P16.6 billion. Excluding one-time items in 2016, recurring income increased 16 percent in the first six months,” it said in disclosure to the Philippine Stock Exchange (PSE)
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