Bloomberg News

SM Investments Says 3rd-Quarter Profit May Have Risen 13% to 14%

October 14, 2011

Oct. 14 (Bloomberg) -- SM Investments Corp.’s third-quarter profit may have risen by 13 percent to 14 percent from a year earlier, putting it on track with hitting the “upper band” of this year’s goal, Chief Financial Officer Jose Sio told reporters today in Manila. The company is looking to invest in power, tourism and infrastructure projects, he said. Last quarter’s earnings were driven by banking and property units, Sio said.

--With assistance from Ian Sayson in Manila.

To contact the reporter on this story: Cecilia Yap in Manila at cyap19@bloomberg.net

To contact the editor responsible for this story: Clarissa Batino at cbatino@bloomberg.net


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