SM Investments net income rises 9% to PHP60.9 billion in YTD Sept 2024

13.11.24 10:41 Uhr

Werte in diesem Artikel
Aktien

35,40 EUR 0,40 EUR 1,14%

PASAY CITY, Philippines, Nov. 13, 2024 /PRNewswire / -- SM Investments Corporation (SM Investments) announced a consolidated net income of PHP 60.9 billion for the first nine months of 2024, a 9% increase from PHP 55.9 billion in the same period last year. Consolidated revenues also grew by 5%, reaching PHP 462.5 billion, up from PHP 440.4 billion in the previous period.

"We continued to see good growth across our businesses in the third quarter, particularly in banking. With inflation easing, we remain positive. An improving macroeconomic environment should help both our businesses and consumers moving forward," said Frederic C. DyBuncio, President and CEO, SM Investments.

Of total net income, banking accounted for the largest share at 50% while property accounted for 27%. Retail pitched in 15%. while portfolio investments contributed 8%.

SM Retail reported net income was at PHP12.8 billion, from PHP13.7 billion in the previous period.

Retail revenues grew 4% to PHP301.8 billion from PHP289.9 billion in the previous period.

Department store performance saw normalization of margins, which remain higher than pre-pandemic levels. Food retail performance remained positive, with revenue growth of 7%, supported by better volumes and expansion. Specialty store performance was strong in discretionary categories such as health & beauty and fashion.

BDO Unibank, Inc. (BDO) reported its net profit increased 12%to PHP60.6 billion backed by the sustained contribution of its core intermediation and fee-based service businesses.

China Banking Corporation posted a record consolidated net income of PHP18.4 billion, up 13% on the back of sustained strong growth from core businesses. 

SM Prime reported a 12% growth in consolidated net income to PHP33.9 billion from PHP30.1 billion in the same period last year. Consolidated revenues increased 8% to PHP 99.8 billion from PHP92.6 billion.

Portfolio investments sustained its positive contribution to consolidated net income. 2GO Group, Inc. revenues grew 14% driven by increase in travels and the growing tourism industry. Atlas Consolidated Mining and Development Corporation increased revenues by 7% due to higher copper and gold prices.

Total assets of SM Investments increased 4% to PHP1.7 trillion. Gearing ratio remained conservative with 32% net debt to 68% equity.

Logo - https://mma.prnewswire.com/media/1880730/Logo.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/sm-investments-net-income-rises-9-to-php60-9-billion-in-ytd-sept-2024--302303927.html

Ausgewählte Hebelprodukte auf SM Energy

Mit Knock-outs können spekulative Anleger überproportional an Kursbewegungen partizipieren. Wählen Sie einfach den gewünschten Hebel und wir zeigen Ihnen passende Open-End Produkte auf SM Energy

NameHebelKOEmittent
NameHebelKOEmittent
Wer­bung

Nachrichten zu SM Energy Co

Analysen zu SM Energy Co

DatumRatingAnalyst
01.07.2019SM Energy UnderweightBarclays Capital
16.01.2019SM Energy OverweightBarclays Capital
10.12.2018SM Energy BuySeaport Global Securities
27.09.2018SM Energy Sector OutperformScotia Howard Weil
12.07.2018SM Energy NeutralB. Riley FBR, Inc.
DatumRatingAnalyst
16.01.2019SM Energy OverweightBarclays Capital
10.12.2018SM Energy BuySeaport Global Securities
27.09.2018SM Energy Sector OutperformScotia Howard Weil
23.02.2018SM Energy BuyB. Riley FBR, Inc.
06.02.2018SM Energy BuyB. Riley FBR, Inc.
DatumRatingAnalyst
12.07.2018SM Energy NeutralB. Riley FBR, Inc.
21.06.2017SM Energy NeutralSeaport Global Securities
13.12.2011SM Energy neutralRobert W. Baird & Co. Incorporated
03.11.2006Update St. Mary Land & Exploration Co.: NeutralFirst Albany
09.06.2006Update St. Mary Land & Exploration Co.: NeutralSun Trust Robinson Humphrey
DatumRatingAnalyst
01.07.2019SM Energy UnderweightBarclays Capital

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für SM Energy Co nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"