Jardine Matheson’s underlying profit up 10% YoY in 1H23

The 1H23 record is also ahead of pre-COVID levels in 2019.

Jardine Matheson recorded a 10% YoY higher underlying profit attributable to shareholders in 1H23 of US$823m.

In a bourse filing, the company attributed the increase to “improved performances from most of the Group’s businesses in the first half of 2023.”

Motor vehicle manufacturer Astra particularly had a “very good performance” in 1H23, said Jardine Matheson.

Given the increase in its underlying profit, the company’s underlying earnings per share also increased, improving by 9% YoY to US$0.0284.

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