JG Summit Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 05:03 am EDT
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JG Summit Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 20,176.99 million compared to PHP 9,137.11 million a year ago. Revenue was PHP 84,448.47 million compared to PHP 55,100.96 million a year ago. Net income was PHP 43.88 million compared to PHP 814.51 million a year ago.
For the six months, sales was PHP 26,618.9 million compared to PHP 25,572.81 million a year ago. Revenue was PHP 151,077.09 million compared to PHP 117,492.09 million a year ago. Net loss was PHP 2,749.25 million compared to net income of PHP 936.69 million a year ago. Basic loss per share was PHP 0.37 compared to basic earnings per share of PHP 0.12 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. 
