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(From Philippine Daily Inquirer)
Byline: Elizabeth L. Sanchez
SM INVESTMENTS CORP. (SMIC), THE FLAGship of mall tycoon Henry Sy, posted an 85-percent jump in net profit for the first six months to P5.05 billion from P2.7 billion a year ago, bolstered mainly by one-time gain from the sale of shares linked to its banking subsidiary Banco de Oro Universal Bank.
Including its share in companies where it has a minority interest, net income in the first half rose 62 percent to P7.15 billion from P4.4 billion last year.
In a report to the Philippine Stock Exchange, SMIC said it booked extraordinary income of P1.3 billion in the first quarter of …