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. JG Summit owns Cebu Pacific Air, Robinson Land Corp., Univ...Keep on reading: JG Summit bounced back in H1 2023, posted P10.4B in profit