JG Summit Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 11, 2021 at 08:48 pm EST
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JG Summit Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was PHP 4,539.6 million compared to PHP 5,102.4 million a year ago. Revenue was PHP 50,410.98 million compared to PHP 46,233.29 million a year ago. Net loss was PHP 3,375.24 million compared to net income of PHP 844.1 million a year ago. Basic loss per share was PHP 0.45 compared to basic earnings per share of PHP 0.11 a year ago.
For the nine months, sales was PHP 30,112.41 million compared to PHP 21,610.47 million a year ago. Revenue was PHP 167,903.07 million compared to PHP 154,504.23 million a year ago. Net loss was PHP 2,438.55 million compared to net income of PHP 123.85 million a year ago. Basic loss per share was PHP 0.32 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 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. 
