Overall, the group’s outlook continues to be uncertain, reflecting both the challenges it faces, including Covid-19 restrictions in China - and the good recovery opportunities for many of its businesses in Southeast Asia.
Jardine Matheson Holdings announced that it and its companies have seen a positive y-o-y recovery in performances for their 1QFY2022 ended March period.
Leading the recovery is Astra, Hong Kong Land (HKL), Jardine Cycle & Carriage (JC&C) and the Motors business, with all delivering increases in profit. Jardine Pacific saw a decline year-on-year and the performances of DFI Retail and Mandarin Oriental were broadly flat, with these businesses impacted by the resurgence of the pandemic in North Asia.
