C08397-2022 |
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 |
Please find attached a press release entitled "JG Summit’s core net income grew more than ten-fold YoY in 9M22". |
Other Relevant Information |
JG Summit Holdings, Inc. (JGS) reported core net income of Php6.5 billion in the first nine months of 2022 (9M22), over a ten-fold increase versus Php0.6 billion in the same period last year driven by both the significant improvements in the operating results of its consumer-facing businesses, as well as the Php3.2 billion portfolio management gain that the holding company recognized from the sale of its partial 3.2% stake in Manila Electric Company in July 2022. This core net income was also delivered on the back of a 34% year-on-year (YoY) surge in JGS’ consolidated revenues to Php224.8 billion in 9M22. Meanwhile, JGS’ balance sheet remains robust with consolidated gearing and net debt-to-equity ratios at 0.74 and 0.52, respectively, as of end-September 2022. |
Name | Maria Celia Fernandez-Estavillo |
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Designation | Senior Vice President, General Counsel and Corporate Secretary |