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SM Development Corporation (SMDC) posts PhP4.18 billion net income in 2011...

SM Development Corporation (SMDC) posted a consolidated net income of Php4.18 billion in 2011, increasing sharply by 38% from Php3.02 billion in 2010. Consolidated revenues amounted to Php16.92 billion, higher by 69% year-on-year, mainly derived from real estate operations. The market continues to show strong acceptance of the company’s SM Residences and M Place products, thereby fueling SMDC’s notable 2011 results.
SMDC currently has 15 residential projects under its SM Residences brand and two projects under the M Place brand. For the rest of 2012, five more new residential condominium projects will be launched in Metro Manila.
 

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"SM Development Corporation (SMDC) posts PhP4.18 billion net income in 2011" was written by Mary under the Business category. It has been read 1703 times and generated 0 comments. The article was created on and updated on 07 March 2012.
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