SM Prime Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 01:53 am EST
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SM Prime Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 18,121.73 million compared to PHP 15,346.77 million a year ago. Revenue was PHP 32,749.03 million compared to PHP 27,328.76 million a year ago. Net income was PHP 10,681.5 million compared to PHP 7,903.65 million a year ago. Basic earnings per share from continuing operations was PHP 0.37 compared to PHP 0.274 a year ago. Diluted earnings per share from continuing operations was PHP 0.37 compared to PHP 0.274 a year ago.
For the nine months, sales was PHP 52,648.96 million compared to PHP 40,729.78 million a year ago. Revenue was PHP 92,602.87 million compared to PHP 73,673.11 million a year ago. Net income was PHP 30,126.31 million compared to PHP 22,011.58 million a year ago. Basic earnings per share from continuing operations was PHP 1.044 compared to PHP 0.763 a year ago. Diluted earnings per share from continuing operations was PHP 1.044 compared to PHP 0.763 a year ago.
SM Prime Holdings, Inc. is a Philippines-based integrated property developer, which is engaged in the development of malls, residences, offices, hotels and convention centers. The Company has approximately 82 malls in and outside Metro Manila and eight shopping malls in China, totaling 10.5 million square meters of Gross Floor Area (GFA). In the Philippines, the Company has a total of 19,919 tenants and 1,952 tenants in China. The Mall segment develops, conducts, operates and maintains the business of modern commercial shopping centers and all businesses related thereto. Residential and commercial segments are involved in the development and transformation of residential, commercial, entertainment and tourism districts through sustained capital investments in buildings and infrastructure. The Hotels and Convention Centers segment is engaged in and carries on the business of hotel and convention centers and operates and maintains any and all services and facilities incident thereto.
SM PRIME HOLDINGS, INC. 
