JG Summit Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was PHP 9,349.81 million compared to PHP 9,839.79 million a year ago. Revenue was PHP 89,113.62 million compared to PHP 88,025.86 million a year ago. Net income was PHP 3,054.57 million compared to PHP 4,998.88 million a year ago. Basic earnings per share was PHP 0.41 compared to PHP 0.66 a year ago. Diluted earnings per share was PHP 0.41 compared to PHP 0.66 a year ago.
For the nine months, sales was PHP 29,308.58 million compared to PHP 28,257.81 million a year ago. Revenue was PHP 276,955.26 million compared to PHP 251,110.4 million a year ago. Net income was PHP 17,879.07 million compared to PHP 15,375.26 million a year ago. Basic earnings per share was PHP 2.38 compared to PHP 2.04 a year ago. Diluted earnings per share was PHP 2.38 compared to PHP 2.04 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.
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