JG Summit Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 10:32 pm EST
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JG Summit Holdings, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was PHP 4,451.464 million compared to PHP 7,798.678 million a year ago. Operating income was PHP 1,914.545 million compared to PHP 10,327.641 million a year ago. Net income was PHP 844.100 million compared to PHP 3,677.810 million a year ago. Basic earnings per share from continuing operations was PHP 0.12 compared to PHP 0.51 a year ago. For the nine months, sales was PHP 19,671.048 million compared to PHP 22,543.035 million a year ago. Operating income was PHP 10,568.441 million compared to PHP 41,176.900 million a year ago. Net income was PHP 123.847 million compared to PHP 21,073.533 million a year ago. Basic earnings per share from continuing operations was PHP 0.02 compared to PHP 2.94 a year ago.
JG Summit Holdings, Inc. is a holding company for a group of companies with substantial business interests in branded consumer foods, agro-industrial and commodity food products, real estate and hotel, air transportation, banking and financial services, and petrochemicals. It also has core investments in telecommunications and power generation and distribution. The Foods, Agro-Industrial and Commodities businesses segment is engaged in manufacturing and distribution of a diverse mix of salty snacks, chocolates, candies, biscuits, bakery products, beverages and others. The Air Transportation segment include air transport services, both domestic and international, for passengers and cargos, and line and light maintenance services. The Petrochemicals segment is a manufacturer of polyethylene (PE), polypropylene (PP), polymer grade ethylene, polymer grade propylene, partially hydrogenated pyrolysis gasoline, pyrolysis fuel oil, aromatics, butadiene and liquefied petroleum gas (LPG).
JG SUMMIT HOLDINGS, INC. 
