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business.inquirer.net SM Investments nets P44.6B

The country's largest conglomerate SM Investments Corp. grew its 2019 net income by 20 percent to P44.6 billion on robust earnings across its core retailing, banking and property development businesses.

Consolidated revenues increased by 12 percent to P501.7 billion, SMIC disclosed to the Philippine Stock Exchange on Friday.

Operations under SM Retail Inc. reported a 9 percent growth in total…
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