GOKONGWEI-LED conglomerate JG Summit Holdings Inc. (JG Summit) saw its core profit in the first six months of 2024 double to P18.1 billion from P9.5 billion last year on a surge in demand for travel and leisure activities and realized gains from the merger between Robinsons Bank and the Bank of the Philippine Islands (BPI) at the start of the year.
Consolidated revenues rose nearly 15 percent to P187.8 billion and were up 13 percent in the second quarter, boosted by an increase in petrochemical operations and higher food and beverage sales volumes.
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