SM Land Issues Tender Offer; To Acquire 100% Shares of Common Stock of SMDC

Makati—(PHStocks)—Further to Circular No. 4523-2013 dated May 31, 2013, SM Development Corporation (SMDC) furnished the Exchange a copy of SEC Form 19-1 (Tender Offer Report) filed by SM Land, Inc. (SM Land) with the Securities and Exchange Commission. As stated in the Tender Offer Report, SM Land intends to acquire one hundred percent (100%) of […]
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SMDC’s 1Q13 Net Income Grows 12% to Php1.4 billion

Pasay City—(PHStocks)—SM Development Corporation (SMDC) reported that for the first quarter of 2013, consolidated net income amounted to Php1.4 billion, up 12.0% year-on-year due to an improved gross profit margin and increased economies of scale. Net margin improved to 23% from 22% during the same period last year. EBITDA stood at Php1.7 billion, for an […]
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SM Investments Expands Net Income 16.3% to Php24.7 billion

Pasay—(PHStocks)—SM Investments Corporation (SM) reported that net income for full-year 2012 amounted to Php24.7 billion, for a higher than expected growth of 16.3% from its 2011 earnings of Php21.2 billion. The growth in earnings was broad-based, with SM’s mall, property, retail and banking businesses delivering strong results. Revenues increased 12.0% to Php223.9 billion from Php199.9 […]
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Where We Are

A lot has changed since I set up PHStocks last year. And quite frankly, as cliché at it may sound, so much has happened since then that I do not know where to begin. Well, let me clarify the “so much” part first. I started PHStocks last January 2011, and I’ve started it with so […]
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SMDC Releases Quarterly Report on Use of Proceeds from SRO

Pasay–(PHStocks)–SM Development Corporation (PSE: SMDC) has released its quarterly monitoring report on the usage of the proceeds from its stock rights offering (SRO). Click here for more information. Related Articles:SMDC’s 1Q13 Net Income Grows 12% to Php1.4 billionSM Investments Expands Net Income 16.3% to Php24.7 billionWhere We AreBPI Approves Stock Rights Offer for Up to PhP50 […]
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