Sm Prime Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 05, 2021 at 07:22 pm EDT
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SM Prime Holdings, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was PHP 20,288.668 million compared to PHP 17,889.480 million a year ago. Operating income was PHP 7,404.071 million compared to PHP 4,469.208 million a year ago. Net income was PHP 5,168.327 million compared to PHP 2,112.721 million a year ago. Basic earnings per share from continuing operations was PHP 0.179 compared to PHP 0.073 a year ago. For the half year, total revenue was PHP 41,088.110 million compared to PHP 43,676.949 million a year ago. Operating income was PHP 16,072.254 million compared to PHP 16,348.740 million a year ago. Net income was PHP 11,644.915 million compared to PHP 10,432.887 million a year ago. Basic earnings per share from continuing operations was PHP 0.404 compared to PHP 0.362 a year ago.
SM Prime Holdings, Inc. is a Philippines-based integrated property developer, which is engaged in the development of malls, residences, offices, hotels and convention centers. The Company has approximately 82 malls in and outside Metro Manila and eight shopping malls in China, totaling 10.5 million square meters of Gross Floor Area (GFA). In the Philippines, the Company has a total of 19,919 tenants and 1,952 tenants in China. The Mall segment develops, conducts, operates and maintains the business of modern commercial shopping centers and all businesses related thereto. Residential and commercial segments are involved in the development and transformation of residential, commercial, entertainment and tourism districts through sustained capital investments in buildings and infrastructure. The Hotels and Convention Centers segment is engaged in and carries on the business of hotel and convention centers and operates and maintains any and all services and facilities incident thereto.
SM PRIME HOLDINGS, INC. 
