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                    [ArticleID] => 273126
                    [Title] => SM Development posts 45% profit hike
                    [Summary] => Boosted by gains on the sale of marketable securities, SM Development Corp. (SMDC), a listed property developer owned by retail tycoon Henry Sy, reported a 45-percent jump in its net income last year to P523.49 million from  P361.29 million in 2003.


In a financial report filed with securities regulators, SMDC said total revenues grew 76.9 percent to P725.36 million mainly coming from investment operations and from the sale of real estate.


                    [DatePublished] => 2005-04-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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SYNERGY PROPERTIES INC

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                    [ArticleID] => 273126
                    [Title] => SM Development posts 45% profit hike
                    [Summary] => Boosted by gains on the sale of marketable securities, SM Development Corp. (SMDC), a listed property developer owned by retail tycoon Henry Sy, reported a 45-percent jump in its net income last year to P523.49 million from  P361.29 million in 2003.


In a financial report filed with securities regulators, SMDC said total revenues grew 76.9 percent to P725.36 million mainly coming from investment operations and from the sale of real estate.


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SM Development posts 45% profit hike

By Zinnia B. Dela Peña | April 8, 2005 - 12:00am

Boosted by gains on the sale of marketable securities, SM Development Corp. (SMDC), a listed property developer owned by retail tycoon Henry Sy, reported a 45-percent jump in its net income last year to P523.49 million...

Business