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                    [Title] => SM unit posts 8-fold hike in Q1 income
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SM Development Corp. (SMDC), the residential property development arm of  tycoon Henry Sy Sr., reported a more than eight-fold increase in its first quarter profit to P661 million from a meager P81 million the previous year, mainly driven by realized gains from the first phases of development of its residential projects and the sale of marketable securities.


                    [DatePublished] => 2007-04-18 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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FRENCH MEDITTERANEAN

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                    [Title] => SM unit posts 8-fold hike in Q1 income
                    [Summary] => 





SM Development Corp. (SMDC), the residential property development arm of  tycoon Henry Sy Sr., reported a more than eight-fold increase in its first quarter profit to P661 million from a meager P81 million the previous year, mainly driven by realized gains from the first phases of development of its residential projects and the sale of marketable securities.


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abtest

SM unit posts 8-fold hike in Q1 income

By Zinnia B. Dela Peña | April 18, 2007 - 12:00am

SM Development Corp. (SMDC), the residential property development arm of tycoon Henry Sy Sr., reported a more than eight-fold increase in its first quarter profit to P661 million from a meager P81 million...

Business