Jg Summit Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 02:15 am EST
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JG Summit Holdings, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was PHP 16,373.762 million compared to PHP 9,124.199 million a year ago. Operating income was PHP 12,503.719 million compared to PHP 10,952.272 million a year ago. Net income was PHP 4,837.876 million compared to PHP 4,958.871 million a year ago. Basic earnings per share was PHP 0.68 compared to PHP 0.69 a year ago. For the nine months, sales was PHP 31,118.119 million compared to PHP 22,180.285 million a year ago. Operating income was PHP 43,352.979 million compared to PHP 34,919.849 million a year ago. Net income was PHP 22,233.600 million compared to PHP 14,797.723 million a year ago. Basic earnings per share was PHP 3.1 compared to PHP 2.07 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. 
