MANILA  -Gokongwei family-conglomerate JG Summit Holdings Inc. bounced back during the first semester of 2023 after booking a profit P10.4 billion, reversing losses of P2.7 billion during the same period last year. 'The group's earnings improvement further accelerated in [the second quarter] with the sustained demand recovery and growth across our food, airline and property businesses,' JG Summit president and CEO Lance Gokongwei said in a statement on Friday. 'On top of this, initiatives across our business units to tackle cost inflation and implement efficiencies to recover our margins continue to bear fruit,' he added.

https://business.inquirer.net/415743/jg-summit-bounced-back-in-h1-2023-posted-p10-4b-in-profit

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