JG Summit posts rebound in Q1 net income

By Ed Paolo Salting

May 09, 2023 12:22 am

GOKONGWEI-LED JG Summit Holdings Inc. on Monday reported a first quarter net income of P5 billion, rebounding from the P2.8-billion loss posted a year earlier following strong results from most of its businesses.

Core net income jumped to P4.4 billion, also a reversal from last year's P689-million loss.

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