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SM Investments reported P77-B profit haul in 2023

By Inquirer - 9 months ago
MANILA, Philippines  —The Sy family’s SM Investments Corp., the country’s biggest conglomerate by market value, saw 2023 net income surge 25 percent to P77 billion, with nearly half of the earnings coming from record profits at its banking units. During the past year, total revenues reached P616.3 million, a gain of 11 percent, buoyed by

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