The country’s largest conglomerate SM Investments Corp. (SMIC) grew its first-quarter net profit by 5 percent year-on-year to P9.5 billion, buoyed by higher earnings contributed by its banking and retail businesses. The retail business saw a 36-percent year-on-year improvement in three-month net profit to P1.6 billion as belt-tightening measures amid the prolonged pandemic made up […]
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