PHStocks

Pasay–(PHStocks)–Philippine conglomerate SM Investments Corp. (PSE: SM) reported a 15% growth in net income for 2011 of PhP21.2 billion from PhP18.4 billion last year. Consolidated revenues increased by 13% to PhP200.7 billion, compared with PhP177.2 billion in 2010. SM’s healthy revenue and profit growth during the year was a result of the strong performance by its core businesses. SM President Harley T. Sy said, “2011 proved to be a favorable year for…