Subsidiary Astra contributed US$655 million to Jardine’s underlying profit in FY2021, compared to US$309 million in the previous year, reflecting improved performances, particularly from its automotive, financial services, heavy equipment and mining, and agribusiness operations.
Jardine Cycle and Carriage has reported revenue and earnings of US$17.6 billion and US$786 million respectively for its FY2021 ended December.
This represents a 34% and 83% rise y-o-y, which reflected “improvements across all parts of the portfolio.” However, Jardine noted the results were 9% lower than in 2019, prior to the start of the pandemic.
