Jg Summit Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 12, 2021 at 12:40 am EDT
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JG Summit Holdings, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was PHP 60,506.439 million compared to PHP 49,166.741 million a year ago. Operating income was PHP 4,776.446 million compared to operating loss of PHP 450.665 million a year ago. Net income was PHP 814.505 million compared to net loss of PHP 2,622.918 million a year ago. For the half year, total revenue was PHP 128,144.120 million compared to PHP 117,808.710 million a year ago. Operating income was PHP 7,831.264 million compared to PHP 8,653.895 million a year ago. Net income was PHP 936.690 million compared to net loss of PHP 720.254 million 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. 
