SM Prime Q1 bottom line hovers at P11.7B

MANILA, Philippines —  SM Prime Holdings Inc. posted a first-quarter net income of P11.66 billion this year. This was largely flat from the year-ago P11.65 billion, as higher costs offset modest revenue growth.   In a disclosure on Tuesday, the Sy family-led property giant said its total revenues rose 2 percent to P33.3 billion.  READ: SM