HENRY Sy-led conglomerate SM Investments Corp. (SMIC) reported a 9-percent increase in its net income in the first half, driven by its retail and property businesses as the strong economy continues to fuel consumer demand.

SM told the Philippine Stock Exchange (PSE) on Thursday that net income grew to P18.1 billion from P16.6 billion a year ago, with the property sector contributing 45 percent, followed by its banking business with 33 percent and retail with 22 percent.

Read more: https://www.manilatimes.net/sm-investments-h1-net-income-grows-to-p18b/4...