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BusinessWorld May 14, 2021 | 7:09 pm JG Summit Holdings, Inc. posted a P122.19 million net attributable income in the first quarter, down 94% from P1.9 billion in the same period last year. In a regulatory filing, the Gokongwei-led conglomerate said its core net income stood at P295 million “as margin gains from Universal Robina Corporation (URC) and JG Summit Petrochemicals Group (JGSPG) cushioned the negative impact of the pandemic in Robinsons Land Corporation (RLC), Cebu Air, Inc. (CEB) and Robinsons Bank Corporation (RBank)’s bottomline.” Revenues stood at P67.64 billion, slightly down from last year’s P67.88 billion. JG Summit said that the strong performance of its food and banking divisions, better use of its petrochemical plants, and the contribution of its Chengdu real estate project made up for the decline in Cebu Air’s revenues.

Keren concepciong valmonteLancey gokongweiRobinsons retail holdings incCebu air incJg summit holdings incCebu pacificJg summit petrochemicals groupRobina corporationRobinsons bank corporation rbankRobinsons land corporationUniversal robina corporationPetrochemicals groupCebu airRobinsons bank corporationRobinsons retail holdingsKeren concepcion