- | Airline and property expansion lifts JGS |
- | JGS Subsidiaries also made profit increases |
| JGS Looking Up |
JG Summit Holdings, Inc. made a +54% profit surge in Q1 of 2019 mainly due to airline and real estate expansions. Consolidated revenues also rose by +8.7% brought by revenue increases from its subsidiaries.
URC attributed its +8.7% revenue increase to improved sales on consumer foods, feeds, and commodity foods. RLC’s profit rose by +19% from newly opened malls in Ormoc, Pavia, Tuguegarao, and Valencia. Cebu Pacific made a +138% surge in net income after passenger volume increase and momentary fare increase.
May 15, 2019 2:52 pm