SMIC first-half profit rises 8%; mining exit by 2027 targeted

WIRE — SM INVESTMENTS Corp. (SMIC) reported an 8% increase in consolidated net income to P45.9 billion for the first half from P42.6 billion a year earlier, as its banking, property, retail, and portfolio investments supported earnings growth, while the conglomerate also targets a complete exit from mining by 2027. Consolidated revenue rose 6% to P339.2 billion

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