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Jardine C&C reports improved y-o-y results in FY2021, but still short of pre-Covid levels

Lim Hui Jie
Lim Hui Jie2/28/2022 09:19 PM GMT+08  • 2 min read
Jardine C&C reports improved y-o-y results in FY2021, but still short of pre-Covid levels
The company also declared a combined final dividend of US$0.80 for FY2021, which is 86% higher compared to FY2020.
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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.

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