7 Billion Net Profit for SM Prime. A ten percent growth of SM Prime Holding,Inc.,consolidated net income was reported at 7billion, last February,from 6.4 billion in 2008.
A disclosure to the Philippine Stock Exchange (PSE) stated that "SM Prime revenues grew by 15 percent to 20.5 billion pesos in 2009 while EBITDA or Earnings before interest,taxes,depreciation and amortization,rose 14percent,for an EBITDA margin of 68 percent.
It also expanded SM City Rosales in Pangasinan, SM City Fairview,and SM North EDSA through its Sky Garden.
These 2010, SM Prime plans to open SM City Novaliches, SM City Tarlac, SM Supercenter Masinag in Antipolo, SM City Calamba and SM Supercenter San Pablo.
Also,it is scheduled to open SM Suzhon in Fourth Quarter-its fourth mall in China,located in the province of Siangsu. So much for the success and Growth of SM Prime.