Listed JG Summit Holdings Inc. reported on Friday that its attributable net income reached P844 million in the third quarter, reversing its P720-million loss in the first half of the year. For the first nine months, net profit stood at P124 million, while core net income hit P1.2 billion. Robinsons Land Corp.’s net profit dropped by 31 percent to P4.4 billion in January to September from a year earlier, while Cebu Air Inc. incurred a P14.7-billion net loss and a 70-percent plunge in revenues toP19.3 billion. The JG Petrochemicals Group posted a P1.9-billion loss year-to-date and revenues of P14.5 billion, down 45 percent year-on-year. JG Summit shares closed flat at P72 each on Friday.

Source: Manila Times November 13, 2020 16:41 UTC