C01782-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 7,520,983,658 |
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Subject of the Disclosure |
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Airline rebound and groupwide margin gains tripled JG Summit’s 2023 core profits |
Background/Description of the Disclosure |
JG Summit Holdings, Inc. (JGS), one of the largest and most diversified Philippine conglomerates, saw its core net income tripling to Php19.6 billion in 2023, from Php6.2 billion in 2022. This robust performance came from the significant turnaround in the company’s airline, along with expanding margins in its property and food businesses and tapering losses from its petrochemical unit. |
Other Relevant Information |
Please see the attached JGS SEC Form 17-C Current Report. |
Name | Maria Celia Fernandez-Estavillo |
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Designation | Chief Legal Officer and Corporate Secretary |