Jardine Matheson Reports 'Stronger' Performances Across Various Businesses

MT Newswires11-15 10:38

Jardine Matheson (SGX:J36) reported "stronger" performances across its various businesses compared with the previous year, according to a filing with the Singapore Exchange on Thursday.

The conglomerate's Astra business booked a higher net income during the third quarter of the year, thanks to increased revenue from its financial services, heavy equipment and mining, infrastructure and logistics divisions.

Hongkong Land (SGX:H78) booked a higher underlying profit, driven by a high number of build-to-sell property completions in China.

DFI Retail Group (SGX:D01) on the other hand, booked a year over year increase in net profit.

Meanwhile, Jardine Matheson Cycle and Carriage (SGX:C07) also reported strong performances from its non-Astra interests.

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