1Q2023 Operating Highlights
1Q 2023 Financial Highlights
Consolidated net income is at PHP9.44 billion, 27% higher than PHP7.42 billion in 1Q2022.
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Consolidated revenues of PHP28.70 billion, 20% increase from PHP23.89 billion in the same period last year.
Revenue Contribution: Malls Business accounts for 59%, Residential Business accounts for 30%, Other Business accounts for
11%.
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Philippine malls revenues reached PHP15.43 billion, grew by 88% from PHP8.20 billion in 1Q2022.
China malls' revenues is at RMBO.202, almost same level as 1Q2022.
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Residential business, led by SM Development Corporation (SMDC), reported PHP8.52 billion revenues, 29% lower than
last year's PHP12.02 billion
SMDC's reservation sales is at PHP35.80 billion, 15% higher than PHP31.13 billion in the first quarter of last year.
SM Prime's other business segments, which include offices, hotels, and convention centers, reported PHP3.21 billion
revenues, 59% increase from last year's PHP2.02 billion.
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