SM Prime Holdings income rise from new malls
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SM Prime Holdings has reported a 16 per cent rise in income in the first half of this year.
Sales, boosted by new mall and residential projects, reached a total of P16.6 billion (US$313 million). The firm opened shopping centres in Cavite, Pangasinan and Pampanga during the period and now operates 77 in all, seven of them in China.
SM Prime president Jeffrey C Lim said: “We intend to deliver more integrated developments in the coming years anchored by lifestyle malls, luxurious yet affordable residences and other complementary amenities across the country.”
SM Prime is set to open new malls in Albay and Leyte later this year.
Questions & Answers
Q.How much income did SM Prime Holdings generate in the first half of this year?
How much income did SM Prime Holdings generate in the first half of this year?
SM Prime Holdings reported a 16 per cent rise in income. Their total sales, boosted by new projects including malls, reached P16.6 billion, which is equivalent to US$313 million.
Q.Which new shopping centres did SM Prime Holdings open in the first half of the year?
Which new shopping centres did SM Prime Holdings open in the first half of the year?
During the first half of the year, SM Prime Holdings opened new shopping centres in Cavite, Pangasinan, and Pampanga. This expansion brought their total number of operating malls to 77.
Q.What are SM Prime Holdings' plans for future developments?
What are SM Prime Holdings' plans for future developments?
The company intends to deliver more integrated developments in the coming years. These will be anchored by lifestyle malls, luxurious but affordable residences, and other complementary amenities across the country.
Q.Where are SM Prime Holdings planning to open new malls later this year?
Where are SM Prime Holdings planning to open new malls later this year?
SM Prime Holdings is scheduled to open new malls in two locations later this year. These forthcoming developments are planned for Albay and Leyte.
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