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JG Summit Holdings Inc. registered profit of P936.69 million in the first half, a reversal from a P720.25 million loss last year.
Revenues reached P128.14 billion, up 8.76 percent from P117.81 billion last year.
The company said it benefited from the strong volumes and higher margins in JG Summit Petrochemicals Group sustained earnings before interest, taxes, depreciation and amortizaiton improvement across Robinsons Land Corp. ’s divisions and net interest margin expansion in Robinsons Bank Corp. which offset the negative impact of the pandemic to Cebu Air Inc.’s bottomline.
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JG Summit said it also benefited from the “faster than the group’s consolidated revenues, which increased 9 percent to P128.1 billion in the first half.
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