EXCERPT

MANILA - SM Prime Holdings Inc said on Monday it posted a consolidated net income of P21.8 billion in 2021, higher by 21 percent compared to 2020.

Consolidated revenues reached P25.5 billion, 20 percent higher from the P21.2 billion in the same comparable period, SM Prime said in a disclosure to the stock exchange.

“As we begin to see the result of a joint effort by the government and private organizations to manage the pandemic, SM Prime is set to pursue business expansions with broader funding options available locally and internationally," SM Prime president Jeffrey Lim said.

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