SM Investments nets P21.5 billion in first quarter

MANILA, Philippines — Sy family-led SM Investments Corp. (SMIC) reported a 7 percent rise in first-quarter net income to P21.5 billion, driven by steady performance across core businesses. The parent company of the SM group said on Wednesday that its consolidated revenues had climbed 5 percent to P159.4 billion last year, reflecting resilient consumer activity and