Hong Kong-based conglomerate Jardine Matheson Holdings has reported losses of US$117 million for the 1HFY2021 ended June 30. In the year earlier period, the red ink was US$775 million.

Underlying profit for the period was US$615 million, up 65% from the year earlier period, as it booked a higher share of earnings previously held by Jardine Strategic Holdings – a sister company that was acquired in April.

The company generated revenue of US$17.5 billion, up 10% y-o-y. Total revenue – including all revenue generated by its associates and joint ventures - in the same period, was US$52.5 billion, up 17% y-o-y from US$47.9 billion in 1HFY2020.

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