JG Summit 2015 Core Net Income Up 38%

Pasig—(PHStocks)—JG Summit Holdings Inc. (PSE: JGS) posted a 38.1% increase in consolidated core net income, earning a total of PhP28.05 billion in 2015 compared to PhP20.3 billion in 2014. The increase in core net income is due to the double-digit income growth in the company’s core operating businesses particularly in Cebu Air Inc. (Cebu Pacific, PSE: […]
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JG Summit 1Q15 Net Income Up 11.2%

Pasig–(PHStocks)–JG Summit Holdings Inc. (PSE: JGS) posted a consolidated net income from equity holders of the parent of PhP6 billion for the first quarter of 2015, an 11.2% increase from PhP5.4 billion for the same period last year. The increase is due mainly to the income growth from core subsidiaries particularly Cebu Air (PSE: CEB), which benefited significantly […]
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JG Summit 2014 Net Income Up 75% to PhP18.25B

Pasig—(PHStocks)—JG Summit Holdings Inc. (PSE: JGS)’s posted a consolidated net income from equity holders of the parent of PhP18.25 billion for the year ended 31 December 2014, a 75% increase from PhP10.43 billion last year. Increase is due mainly to the following: full-year recognition of equity earnings from our investment in Meralco, higher dividends received […]
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JG Summit’s PhP30B in Bonds Keep Top Rating

Philippine Rating Services Corp. (Philratings) maintained the top rating for the PhP30 billion worth of bonds of Gokongwei-led JG Summit Holdings Inc. (PSE: JGS), citing its strong liquidity position and stable businesses, a statement showed. Philratings said it had kept its PRS Aaa rating, which implies minimal credit risk, for the conglomerate’s debt. The rating, […]
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JG Summit Ready to Join San Miguel for Airport Project

Gokongwei-led JG Summit Holdings Inc. (PSE: JGS), owner of dominant budget airline Cebu Air Inc. (PSE: CEB), is open to partnering with San Miguel Corp. (PSE: SMC) should the government approve the latter’s proposed $10-billion international airport in Manila Bay, company president Lance Gokongwei said. The planned airport, which was recently presented to President Aquino but still requires […]
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