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Jardine Matheson Holdings says it continues to face 'challenging trading conditions' in 3Q update

Felicia Tan
Felicia Tan11/5/2020 06:14 PM GMT+08  • 3 min read
Jardine Matheson Holdings says it continues to face 'challenging trading conditions' in 3Q update
While the group registered “some improvement” across its businesses q-o-q, net underlying profit declined y-o-y.
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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.

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