Jg Summit Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 13, 2020 at 07:26 pm EDT
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JG Summit Holdings, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was PHP 67,884.094 million compared to PHP 75,213.623 million a year ago. Operating income was PHP 9,104.560 million compared to PHP 12,344.062 million a year ago. Net income was PHP 1,902.664 million compared to PHP 6,455.520 million a year ago. Basic earnings per share was PHP 0.27 compared to PHP 0.9 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. 
