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JG Summit turns around with P5.1-B profit

JG Summit Holdings, Inc. (JGS), the flagship of the Gokongwei Group, reported a turnaround with consolidated attributable net income surging to P5.1 billion last year from a net loss of P468 million in 2020.
In a disclosure to the Philippine Stock Exchange, the firm said it remains on track to full ....

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JG Summit swings to profit

JG Summit Holdings Inc., the holding firm of the Gokongwei family, said its net income last year reached P5.1 billion, a reversal of the previous year’s P468.16-million loss, but still below the P31.28-billion income it posted in 2019. Total revenues grew 13 percent to P230.6 billion from the previous year’s… ....

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