Friday, 13 June 2025
14 May 2025
2:14PM
JG Summit sees strong Q1 revenue; profit drops after merger gains fade
The Gokongwei family-led conglomerate JG Summit Holdings posted P98.2 billion in revenue and P4.4 billion in core profit in the first quarter of 2025, with revenue rising 2 percent year-on-year while core earnings fell 65 percent due to the absence of last year’s P7.9 billion bank merger gains.
27 Mar 2025
5:55PM
Lance Gokongwei sees stronger 2025 for JG Summit after ‘mixed results’ last year
JG Summit reported a 29-percent increase in core net income to P24.9 billion for full-year 2024, lifted by sustained topline growth and one-time gains from the merger of Robinsons Bank with Bank of the Philippine Islands.
30 Jan 2025
11:30PM
Tough Call: JG Summit shuts down struggling business, layoffs on the horizon
By: Miguel R. Camus
Conglomerate JG Summit Holdings is cutting losses in its struggling petrochemicals business to focus on more profitable ventures while waiting for the industry to recover.
17 Nov 2024
3:36PM
Lance Gokongwei honored for transformative impact on Southeast Asian business
Tycoon Lance Y. Gokongwei’s transformative influence on Southeast Asia’s business landscape has earned him the prestigious EY-Bank of Singapore ASEAN Entrepreneurial Excellence Award.
13 Nov 2024
3:46PM
Lance Gokongwei eyes strong Q4 as JG Summit posts 16% growth in 9-month profit
Tycoon Lance Gokongwei is counting on a strong fourth quarter to cap off a solid year for the family conglomerate, JG Summit Holdings.
12 Aug 2024
3:34PM
Gokongwei's JG Summit doubles profit during the 1st half of 2024
The Gokongwei family conglomerate, JG Summit Holdings, doubled its profits during the first half of 2024, as its diversified portfolio, including airlines leisure and banking, thrived even as inflation pushed food consumers to lower-priced options.
8 Aug 2024
3:56PM
JG Summit investigates potential data breach, maintaining trust is top priority
The Gokongwei family conglomerate, JG Summit Holdings, announced on Thursday that it is proactively investigating reports of a potential data breach and is working closely with cybersecurity experts and partners.
8 May 2024
3:56PM
Gokongwei family conglomerate JG Summit Holdings’ profits soar on bank merger, airlines and property
By: Miguel R. Camus
JG Summit Holdings, Inc. (JGS) reported a dramatic increase in its net income during the first quarter of the year, which hit P11 billion, more than double its profit in the same period of 2023.
2 Apr 2024
8:06AM
BPI sells 15% stake in GoTyme back to Gokongweis
By: Miguel R. Camus
The Ayala Group’s Bank of the Philippine Islands (BPI) is selling back its 15 percent stake in GoTyme Bank, one of the country’s few digital banks, to a venture led by the Gokongwei Group.
Advertisement
