“Although challenges remain from the global economic environment and softening commodity prices, the group remains confident in the economic resilience of its markets and is well-positioned to benefit from their recovery,” says Jardine Matheson in its Nov 9 statement.
Jardine Matheson Holdings, a diversified Asian-based business group, says its performance for the 3QFY2023 ended Sept 30 was “marginally above” the same period last year. The growth was thanks to higher contributions from Astra, DFI Retail Group (SGX:D01
) and Mandarin Oriental and offset by lower contributions from Jardine Pacific and Hongkong Land.
Overall, the group is expecting to see underlying profits for the 2HFY2023, broadly in line with that of 2HFY2022’s figures.
