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Jardine Matheson Holdings Reports 13.3% Decline In 1H15 Net Profit
Daily Bulletin | 03 August 2015
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Jardine Matheson Holdings announced a 4.1 percent decline in revenue to US$18.8 billion, while net profit slipped 13.3 percent to US$818 million.

Many of the group’s businesses were affected by economic conditions in the region, which led to an overall decline in underlying profit in the first half. The vehicle sales business took the hardest hit with Jardine Cycle & Carriage recording a 16 percent drop in earnings, while Astra’s earnings fell 18 percent.

The group expects the challenging conditions to continue for the remainder of the year. Nevertheless, the group of Jardine companies are trading well and taking advantage of the opportunities made available by its strong finances and market-leading positions.

Jardine Matheson Hldgs  70.300 -0.21 -0.30%   
Business: [FY17 Turnover] Astra (39.1%), Dairy Farm (28.6%),Jardine Motors (14%) Jardine Pacific (6.1%) Jardine Cycle & Carriage (5.8%), HK Land (5%), Mandarin Oriental (1.4%).

Insight: Jul-18, 1H18 revenue rose 13.5% driven by strong p... Read More

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