Bank merger fueled threefold gain in JG Summit’s 1st quarter bottom line

MANILA, Philippines — Gokongwei-led JG Summit Holdings Inc. more than tripled its first-quarter income to P12.6 billion as businesses recorded strong results, alongside one-time gain from the merger of its banking unit with Bank of the Philippine Islands (BPI). January to March revenues also went up by 18 percent to P96.7 billion, mainly due to
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