Southeast Asia Property Development Overview
9M2023 Financial Highlights
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Consolidated net income went up by 37% to PHP30.13 billion in 9M2023 from PHP22.01 billion in 9M2022.
Consolidated revenues reached PHP92.60 billion, 26% increase from PHP73.67 billion in the same period being reviewed.
Revenue Contribution: Malls Business accounts for 57%, Residential Business accounts for 33%, Other Business Segments
account for 10%.
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Malls revenues reached PHP52.49 billion in 9M2023, 37% higher than PHP38.24 billion in 9M2022.
Primary residential business, led by SM Development Corporation (SMDC), reported PHP28.67 billion revenues, 10%
higher than last year's PHP26.07 billion
SMDC's reservation sales recorded PHP89.27 billion, 6% higher than PHP83.93 billion of the previous year.
SM Prime's other business segments, which include offices, hotels, and convention centers, registered PHP9.54 billion in
revenues, a growth of 33% from last year's PHP7.16 billion.
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