Jardine Matheson Holdings (JMH) says the group continued to face “challenging trading conditions” in the third quarter of 2020 due to the spread of Covid-19 and the ensuing measures taken to control it.

While the group registered “some improvement” in performance across its businesses compared to 2QFY2020, underlying net profits for the 3QFY2020 declined compared to 3QFY2019.

The group says it expects performance to remain weak for the remainder of the year amid the impact of Covid-19 on businesses and wider communities and the reduction of government support.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook