SM Development Corporation reports 116% increase in 2008 Net Income
Philippine property developer SM Development Corporation (PSE:SMDC) has reported a P1.1-billion (US$22.6 million) net income for 2008 or 116 per cent better than the P13 million posted the previous year.
SMDC, in a disclosure to the Philippine Stock Exchange (PSE), also reported that its gross profit on real estate sales reached to P1.7 billion or double those posted in 2007. Read more…
Categories: Philippine Real Estate, Real Estate Investment, Real Estate News Tags: berkeley sm, lindenwood residences, mezza sm, sm development corporation properties, sm properties philippines, sm real estate
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