Conglomerate SM Investments Corp. (SMIC) grew its net profit by 9 percent year-on-year to P18.1 billion in the first semester, driven by higher earnings from the property and retailing businesses.

Consolidated revenues went up by 12 percent year-on-year to P204.9 billion during the six-month period, SMIC disclosed to the Philippine Stock Exchange on Thursday.

Read more: http://business.inquirer.net/255414/smic-profit-9-p18-1b-end-june#ixzz5Nk2nBzK1