JG Summit sees better profit in 2021

By Faye Almazan

Mar 31, 2022 12:16 am

JG Summit Holdings Inc. (JGS) on Wednesday reported an improved full-year core income of P3.5 billion last year on the back of its property arm and larger contributions from its core investments.

In a filing to the exchange, the Gokongwei-led conglomerate said its core profit rose by 672 percent year on year, driven by the 46-percent improvement of the income of Robinsons Land Corp. (RLC) and better contributions from its investments in Meralco, Singapore Land Group and PLDT.

Cebu Pacific jetliner taking off. CONTRIBUTED PHOTO

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