SM Investments nets P70.2B in 9 months

MANILA, Philippines — SM Investments Corp. maintained its growth momentum despite a sluggish economy, with its earnings rising 9 percent to P70.2 billion. The group’s consolidated revenues also rose 5 percent to P506.8 billion from P482.3 billion. READ: Consumer spending lifts SMIC earnings Its banking business provided the largest share of income, accounting for 48 percent.