Jardine Cycle and Carriage has reported revenue and earnings of US$17.6 billion and US$786 million respectively for its FY2021 ended December.
This represents a 34% and 83% rise y-o-y, which reflected “improvements across all parts of the portfolio.” However, Jardine noted the results were 9% lower than in 2019, prior to the start of the pandemic.
Subsidiary Astra contributed US$655 million to Jardine’s underlying profit in FY2021, compared to US$309 million in the previous year, reflecting improved performances, particularly from its automotive, financial services, heavy equipment and mining, and agribusiness operations.
