C06192-2022 |
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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Press Release |
Background/Description of the Disclosure |
Press Release entitled "JG Summit’s core profits improved in 2Q22, surging 48% YoY" |
Other Relevant Information |
JG Summit Holdings, Inc. (JGS) reported substantial improvements in both topline and core profits in the second quarter of 2022 (2Q22). Consolidated revenues rose 53% year on year (YoY) and 27% quarter-on-quarter (QoQ) to Php84.4 billion in 2Q alone. This brought the group’s total revenues for the first half of the year (1H22) to Php151.1 billion, which is 29% higher vs the same period last year (SPLY) and is already over 95% back to its pre-pandemic level. 2Q22 Core net income after tax soared 48% YoY to Php2.1 billion. Growth was evident across all its businesses, especially with encouraging recovery in its airline, mall and hotel operations, as well as meaningful contributions from its core investments. Meanwhile, JGS’ balance sheet remains robust with consolidated gearing and net debt-to-equity ratios of 0.73 and 0.55, respectively, as of 30 June 2022. |
Name | Maria Celia Fernandez-Estavillo |
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Designation | Senior Vice President, General Counsel and Corporate Secretary |