JG Summit's core income tripled to P12.6bn in Q1 2024, driven by growth in food, real estate, air transport, and merger gains.
JG Summit Holdings Inc.'s core income tripled to P12.6 billion in Q1 2024, up from P4.4 billion in Q1 2023, driven by strong growth in the food, real estate, and air transport businesses. The Q1 result was boosted by a P7.9bn gain from the merger of Robinsons Bank Corp. with Bank of the Philippine Islands. Excluding merger gains, strong contributions from listed units resulted in a 16% jump in the group's total core earnings.
May 08, 2024
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