Manila's SM Investments 9-mth net profit up 14 pct - News

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Manila's SM Investments 9-mth net profit up 14 pct

By: AFX | 15 Nov 2009 | 10:03 PM ET

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MANILA, Nov 16 (Reuters) - Philippine mall-to-banking group SM Investments Corp said on Monday its net income rose 14 percent in the nine months to September, driven mainly by its retail and property businesses. SM Investments Corp, which is controlled by Henry Sy, one of the country's richest men, said its net income reached 10.8 billion pesos ($232 million) in the first nine months of the year. The company, which has interests in mall and property development, banking, retail and leisure projects, said its consolidated revenues grew 14 percent to 110.9 billion pesos in the first nine months of the year from last year. (Reporting by Karen Lema) ((karen.lema@thomsonreuters.com; +632 841-8938; Reuters Messaging: karen.lema.reuters.com@reuters.net)) Keywords: SMINVESTMENTS/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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