JG Summit profits more than double

By Brix Lelis

Nov 15, 2023 12:42 am

JG Summit Holdings Inc., the flagship holding firm of the Gokongwei group, saw its nine-month core income surge by 128 percent to P14.9 billion from P6.5 billion last year amid sustained revenue growth and improved margins from strategic business units (SBUs).

Consolidated revenues increased to P251.3 billion from the P224.8 billion recorded in the same period last year, the company said on Tuesday.

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