Investor Presentaiton
1H 2023 Financial Highlights
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Consolidated net income went up by 38% to PHP19.44 billion in 1H2023 from PHP14.11 billion in 1H2022.
Consolidated revenues reached PHP59.85 billion, 29% increase from PHP46.34 billion in the same period being reviewed.
Revenue Contribution: Malls Business accounts for 58%, Residential Business accounts for 32%, Other Business Segments
account for 10%.
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Philippine Malls revenues reported 53% growth to PHP31.52 billion in 1H2023 from PHP20.59 billion in 1H2022.
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China Malls' revenues reached RMB398 million in 1H2023, 3% higher than RMB385 million in 1H2022.
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Primary residential business, led by SM Development Corporation (SMDC), reported PHP17.56 billion revenues, 5%
higher than last year's PHP16.80 billion
SMDC's reservation sales recorded PHP68.51 billion, 15% higher than PHP59.42 billion in the first half of last year.
SM Prime's other business segments, which include offices, hotels, and convention centers, registered PHP6.23 billion
revenues, 40% higher than last year's PHP4.45 billion.
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