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Jardine Matheson and companies affected by pandemic; remains in 'strong' financial position

Samantha Chiew
Samantha Chiew5/19/2022 06:11 PM GMT+08  • 8 min read
Jardine Matheson and companies affected by pandemic; remains in 'strong' financial position
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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.

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.

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