GOKONGWEI-LED conglomerate JG Summit Holdings, Inc. reported net income of P29.56 billion for 2017, relatively flat from the year before, as lower profits from the airline business was offset by strong growth in petrochemical.

JG Summit told the Philippine Stock Exchange on Friday that net income last year—excluding non-operating and nonrecurring items—stood at P29.56 billion, slightly lower than the P29.97 billion registered in 2016.

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