During the quarter, most of the group’s businesses performed strongly y-o-y. Astra, DFI Retail Group (SGX:D01
) , Mandarin Oriental (SGX:M04) and Jardine Pacific saw increases in underlying net profit.
For the 1QFY2023 ended March 31, Jardine Matheson Holdings (SGX:J36) achieved a “strong overall performance” although it noted that there are still challenges arising from the global economic environment and softening commodity prices.
“The group, however, remains confident in the economic resilience of its markets and is well-positioned to benefit from their recovery,” reads the statement put out by the group on May 18.
