Jardine Matheson Holdings and Jardine Strategic Holdings have reported lower earnings for 1H20 ended June due to "significant" negative impact arising from Covid-19 and the restrictions imposed to contain the pandemic.

Jardine Matheson and Jardine Strategic both saw earnings for the half-year period decline 49% y-o-y to US$373 million ($513.2 million) and US$395 million respectively.

“As expected, COVID-19 had a significant impact on the Group’s results in the first half, with Southeast Asia particularly affected. It is expected that the pandemic will continue to create uncertainty and volatility in the second half, making it difficult to predict full year performance,” says Ben Keswick, executive chairman of both companies.

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