JG Summit Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 12, 2022 at 09:15 pm EDT
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JG Summit Holdings, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was PHP 6,441.91 million compared to PHP 16,435.7 million a year ago. Revenue was PHP 66,628.62 million compared to PHP 62,391.13 million a year ago. Net loss was PHP 2,793.13 million compared to net income of PHP 122.19 million a year ago. Basic loss per share was PHP 0.37 compared to basic earnings per share of PHP 0.02 a year ago.
JG Summit Holdings, Inc. is a holding company for a group of companies with substantial stakes in foods, agro-industrial and commodities, real estate and hotel, air transportation and petrochemicals. It also has core investments in telecommunications, banking, and power generation and distribution. Its Foods, agro-industrial and commodities segment is manufacturer and distributor of a diverse mix of salty snacks, chocolates, candies, biscuits, bakery products, and others. Its Air transportation segment includes air transport services, both domestic and international, for passengers and cargos, and line and light maintenance services. Its Real estate and hotels segment owns, develops, leases and manages shopping malls and retail developments. The Petrochemicals segment is a manufacturer of polyethylene, polypropylene, polymer grade ethylene, and others. Its Other supplementary businesses include insurance brokering, data analytics, securities investment and business process outsourcing.
JG SUMMIT HOLDINGS, INC. 
