SM Investments Corp., the holding company of Henry Sy, posted a consolidated net income of P26.2 billion in the first nine months of 2018, up 10 percent from a year ago, on the strong performance of core businesses.

SM Investments, which has interests in banking, real estate, and retail, said consolidated revenues in the first three quarters grew 12 percent to P307.4 billion from P274.6 billion year-on-year.

“The results of the first nine months have been reassuring with the resilient performance of property, banking, and retail. Our financial results reflect the ongoing strength of consumer sentiment, even as we continue to monitor inflationary pressures,” SM president Frederic DyBuncio said.

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