JG Summit said in a stock exchange filing Friday it achieved the strong-first half results on the back of sustained margin expansion across listed subsidiaries and double-digit consolidated topline growth. READ MORE:
MANILA, Philippines – JG Summit Holdings Inc. of the Gokongwei family swung to a net income of P10.4 billion in the first half of 2023 from a P2.75-billion net loss in the same period year.
First-half consolidated sales rose 13 percent year-on-year to P163.4 billion on higher revenue contribution from airline, food and domestic property businesses.“The group’s earnings improvement further accelerated in 2Q with the sustained demand recovery and growth across our food, airline and property businesses.
Robinsons Land Corp. is also working to improve its office and mall occupancy rates and carefully launching new project developments while its petrochemical business is ramping up operations after months of being shut down.
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