SM Investments Corp. (SMIC), the holding firm of Henry Sy Sr., said its consolidated net income rose 10 percent to P26.2 billion in nine months of the year ending September.

Consolidated revenues also grew 12 percent to P307.4 billion, from P274.6 billion last 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 consumersentiment, even as we continue to monitor inflationary pressures,” SM President Frederic C. DyBuncio said in a statement.

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