JG Summit Holdings, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
March 25, 2024
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JG Summit Holdings, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was PHP 343,754 million compared to PHP 301,908 million a year ago. Net income was PHP 20,236 million compared to PHP 651 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).