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JG Summit profit ballooned to P20.2 billion in 2023

By Inquirer - 8 months ago
MANILA, Philippines — Gokongwei-led conglomerate JG Summit Holdings Inc. is optimistic that potential interest rate cuts could “bode well” for consumer demand this year as revenge travelers emerged postpandemic. JG Summit on Tuesday said its net income in 2023 ballooned to P20.2 billion from P700 million the previous year, buoyed by its airline and property

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