trending Market Intelligence /marketintelligence/en/news-insights/trending/92AwQYheDta6tjTxcTApYw2 content esgSubNav
In This List

JG Summit Holdings profit misses consensus by 40.3% in Q2

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future


JG Summit Holdings profit misses consensus by 40.3% in Q2

JG Summit Holdings Inc. said its second-quarter normalized net income came to 62 Philippine centavos per share, compared with the S&P Capital IQ consensus estimate of 1.04 pesos per share.

In the prior-year period, the per-share result came in at a profit of 62 centavos.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.45 billion pesos, an increase from 4.33 billion pesos in the year-earlier period.

The normalized profit margin declined to 7.9% from 9.3% in the year-earlier period.

Total revenue climbed 22.2% year over year to 56.78 billion pesos from 46.46 billion pesos, and total operating expenses rose 18.7% on an annual basis to 43.34 billion pesos from 36.53 billion pesos.

Reported net income came to 7.44 billion pesos, or 1.04 pesos per share, compared with 7.48 billion pesos, or 1.07 pesos per share, in the year-earlier period.

As of Aug. 17, US$1 was equivalent to 46.39 Philippine pesos.