SM Investments grows net income by 25% to PHP 77 billion in 2023
PASAY CITY, Philippines, March 5, 2024 /PRNewswire/ -- SM Investments Corporation (SMIC) reported its net income grew 25% toPHP77.0 billion in 2023 fromPHP61.7 billion in 2022. Consolidated revenues increased 11% to PHP616.3 billion from PHP553.0 billion last year. "SM's performance as a grou...
SM Group honored with 20 awards for Excellence in Communications
PASAY CITY, Philippines, Jan. 31, 2024 /PRNewswire/ -- The SM Group, led by SM Investments Corporation, with BDO Unibank, Inc., SM Foundation Inc., and SM Supermalls, won 20 awards for excellence in communications at the prestigious 20th Philippine Quill Awards. SM Foundation Inc., was also haile...
SM: Still plenty of room for growth in 2024
PASAY CITY, Philippines, Jan. 31, 2024 /PRNewswire/ -- SM Investments Corporation, one of the country's leading conglomerates, says there is still room for growth withthe Philippines consistently showing consumer growth. "Even during the height of the Asian crisis, household consumption in the ...
Forbes, Statista recognize SM as world's best employer
PASAY CITY, Philippines, Nov. 13, 2023 /PRNewswire/ -- SM Investments Corporation (SM Investments) was recognized for the fourth time, in the Forbes' World's Best Employers 2023 list in partnership with market research firm Statista. "Looking after the overall wellness of our employees is impe...
SM Investments net income rises 30% to PHP55.9 billion in YTD Sept on solid consumer confidence
PASAY CITY, Philippines, Nov. 8, 2023 /PRNewswire/ -- SM Investments Corporation (SM Investments) reported a consolidated net income ofPHP55.9 billion in the January to September period, higher by 30% from PHP42.9 billion in the same period last year. Consolidated revenues rose 15% to PHP440.4...
SM Store ramps up expansion of its Green Finds Program
PASAY CITY, the Philippines, Oct. 26, 2023 /PRNewswire/ -- SM Retail, a subsidiary of SM Investments Corporation andthe Philippines' biggest retailer, is seeing more Filipinos shifting their preference to sustainable products thanks to the SM Green Finds Program. SM Store's Green Finds advocac...
Philippine Daily Inquirer and Statista recognize 5 SM Companies for best customer service
PASAY CITY, Philippines, Oct. 26, 2023 /PRNewswire/ -- As SM celebrates its 65th year in business, one may reflect on the many life lessons ofHenry Sy Sr. This particular insight comes to mind, "It's important that I never lose touch with the pulse of my shoppers," he said, highlighting SM's dist...
Ten SM companies honored for excellence in Corporate Governance
PASAY CITY, Philippines, Oct. 26, 2023 /PRNewswire/ -- Ten companies from the SM Group were recognized for their excellence in corporate governance in the recently concluded Golden Arrow Awards by the Institute of Corporate Directors (ICD). China Banking Corporation (China Bank), the banking a...
SM Investments still the most organized in investor relations, strongest in adherence to corporate governance in Southeast Asia
PASAY CITY, Philippines, Sept. 11, 2023 /PRNewswire/ -- SM Investments Corporation (SM Investments), one ofthe Philippines' leading conglomerates, bagged the top spot in two categories in the recently concluded 13th Institutional Investor Corporate Awards by Alpha Southeast Asia magazine. The wi...
Green Living Starts Here: A Look at Practical Steps to Sustainability at Home
PASAY CITY, Philippines, Aug. 23, 2023 /PRNewswire/ -- Managing a household is a fulfilling yet tough, especially when aiming for a more sustainable way of life. Homemakers now understand the significance of living sustainably, not only for the environment but also for their family's health. L...
SM Investments net income grows 32% to PHP36.5bn in H1 on strong consumer confidence
PASAY CITY, Philippines, Aug. 9, 2023 /PRNewswire/ -- SM Investments Corporation (SM Investments) reported a consolidated net income ofPHP36.5 billion in the first six months, up 32% from PHP27.7 billion in the same period last year. Consolidated revenues rose 18% to PHP286.3 billion in the Ja...
SM continues to champion sustainability with its 83rd mall SM City Bataan
PASAY CITY, Philippines, July 28, 2023 /PRNewswire/ -- SM Investments Corporation through its property arm, SM Prime Holdings continues to provide a unique "malling" experience with the opening of its 83rd mall in Balanga, Bataan by integrating sustainability features in its design and operations...
SM continues to champion sustainability with its 83rd mall SM City Bataan
PASAY CITY, Philippines, July 26, 2023 /PRNewswire/ -- SM Investments Corporation through its property arm, SM Prime Holdings continues to provide a unique "malling" experience with the opening of its 83rd mall in Balanga, Bataan by integrating sustainability features in its design and operations...
SM City Bataan: Another growth center and gateway to the province
PASAY CITY, Philippines, May 31, 2023 /PRNewswire/ -- SM City Bataan reflects
the values of the local community with over 96% of the mall's administration
staff being Bataeños, including two in leadership roles.
SM Investments Q1 net income grows 33% to PHP17.3 bn on resilient consumer demand
PASAY CITY, Philippines, May 10, 2023 /PRNewswire/ -- SM Investments Corporation (SM Investments), the country's leading conglomerate, reported its consolidated net income grew 33% toPHP17.3 billion in the first quarter from PHP13.0 billion in the same period last year. Consolidated revenues i...
Paying it forward: SM marks another year of positive community impact
PASAY CITY, Philippines, April 28, 2023 /PRNewswire/ -- Glenn Paul Añover
Embodo is among the 'Yolanda' scholars helped by SM Foundation, Inc. of the SM
Group, following the devastation of the super typhoon in the country in 2013.
SM intensifies next wave city development to serve more markets
PASAY CITY, Philippines, April 27, 2023 /PRNewswire/ -- SM Investments Corporation is bullish on more countryside development in 2023. Growth prospects nationwide are looking more vibrant with more people gaining employment. A large chunk of the remittances from Overseas Filipino Workers are ...
SM hikes dividend payout to shareholders on favorable full year performance
PASAY CITY, Philippines, April 27, 2023 /PRNewswire/ -- SM Investments Corporation (SM Investments) remains optimistic on the business prospects this year with sustained consumer spending. Reflecting this optimism, the company declared an increase in dividend payout toPHP9.165 billion or PHP7....
SM aids quake-hit Türkiye and Syria
PASAY CITY, Philippines, March 24, 2023 /PRNewswire/ -- In solidarity with
earthquake-hit countries Türkiye andSyria, SM Foundation Inc. (SMFI) of the SM
Group, sent aid through the Philippine Red Cross (PRC) lastFeb. 27, 2023.
SM recognized as top rated sustainability company in both industry and Asia Pacific
PASAY CITY, Philippines, March 10, 2023 /PRNewswire/ -- SM Investments Corporation (SM Investments) was recognized as among the Top Rated companies in its industry (Diversified Financial) globally, and also among Top Rated companies in theAsia Pacific, in a 2023 Top-Rated ESG Companies list by i...
