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Jardine Matheson 1HFY2022 back in the black with earnings of US$423 million

The Edge Singapore
The Edge Singapore • 2 min read
Jardine Matheson 1HFY2022 back in the black with earnings of US$423 million
Photo: Red John via Unsplash
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Jardine Matheson has reported earnings of US$423 million, reversing from a loss of US$117 million for 1HFY2022 year-earlier period.

The company’s underlying profit, which it says is a better reflection of its operating performance, is up 22% y-o-y instead to US$747 million.

Revenue in the same period was up 7% y-o-y to US$56 billion, with general improvement seen across various subsidiaries in the different markets, especially southeast Asia.

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