Latest Share Chat

Jardine Math.sr Share News (JAR)

Jardine Math.sr Information

Buy JAR Shares
Add JAR to Watchlist
Add JAR to Alert

Share Price Information for Jardine Math.sr (JAR)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 62.50

Bid: 0.00

Ask: 0.00

Change: 0.00 (0.00%)

Spread: 0.00 (0.00%)

Open: 62.50

High: 0.00

Low: 0.00

Prev. Close: 62.50

Last checked at -

Jardine Matheson expects underlying profit to slightly fall

Thu, 23rd May 2024 14:22

(Alliance News) - Jardine Matheson Holdings Ltd on Thursday said it expects underlying profit for 2024 to be slightly lower than in 2023, citing current market conditions.

Jardine Matheson is a Bermuda-headquartered conglomerate with a portfolio of companies including DFI Retail Group Holdings Ltd and Hongkong Land Holdings Ltd.

The company said underlying profit in DFI Retail Group grew over 60% year-on-year in the first quarter of 2024, driven by improved performance in Food, Convenience and Health & Beauty divisions.

However, Jardine Pacific reported lower overall contribution to the first quarter amid an incurred loss by Jardine Restaurant Group and Zung Fu Hong Kong, and lower profit contribution from Jardine Schindler, JEC and Gammon.

Further, JC&C had softer trading conditions in Vietnam as THACO's automotive sales were flat amid challenging market conditions.

Hongkong Land's underlying profit was broadly in line in the first quarter year-on-year, but market sentiment for residential properties on the Chinese mainland remained weak which reduces total contracted sales. "Hongkong Land expects profits in the first half of 2024 to be significantly lower than the same period last year," Jardine noted.

For Astra, underlying earnings declined 5% on-year in the first quarter, excluding fair value adjustments from its equity investments. "The profit from Astra's heavy equipment and mining division was also lower, mainly due to lower coal prices," Jardine said.

Looking ahead, Jardine said: "Based on current market conditions, the group's full year underlying profits are expected to be modestly down against 2023. This primarily reflects the group's share of expected non-cash impairment charges in Hongkong Land's development properties business on the Chinese mainland in the first half of the year, in addition to previously anticipated first-half headwinds, including lower commodity prices at Astra."

Jardine shares were flat at USD58.38 each on Thursday afternoon in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

More News

20 Dec 2012 16:25

DS Smith exec raises one million quid to pay taxes

Stephen Dryden, the Finance Director of recycled packaging supplier DS Smith, exercised options in the company on Wednesday and subsequently sold half of them for nearly one million pounds. The executive, appointed to the board in April 2008, exercised nil-cost options for 878,903 shares, then sold

17 Sep 2012 16:11

Kate Bostock ditches M&S shares ahead of departure

Marks & Spencer's departing Head of Clothing Kate Bostock has taken advantage of recent bid speculation to sell shares in the company at 371.60p on Friday. In recent weeks there has been on-going speculation that private equity titan CVC Capital Partners is considering a takeover offer for the Hig

29 May 2012 16:06

Forum director exercises options over one million shares

Walter Brown, a Non-Executive Director of UK based gas & oil Forum Energy, has exercised one million shares in the company at 31p each. The £310,000 transaction took place on March 25th, the same day the company unveiled the findings of a report which shows an improvement in the previously known r

24 May 2012 15:45

FirstGroup Chairman ups his stake

Martin Gilbert, Chairman of FTSE 250 transport firm FirstGroup, has ignored broker recommendations to purchase 50,000 shares on the same day the company unveiled its plans to move its UK bus shake-up into the fast lane. Gilbert bought the shares on Wednesday at 217.50p each for a total of £108,750

11 Oct 2011 16:12

Just Car boss refuels

Just Car Clinics chief executive Barry Whittles has topped up his stake in the car accident repair chain, spending £12,000 on shares. He took 90,115 at 13.46p and now has more than 2m, or about 15.72% of the company. Just Car Clinics announced last month that it is planning to cancel its listing o

27 Sep 2010 16:39

Shares for Tanzanite One fees

All five directors of Tanzanite One have taken shares in lieu of directors' fees that they were owed. The directors' fees have not been paid since October 2009. The total unpaid fees to directors and senior management had mounted up to $383,000. The directors' fees were £157,000 of this. The 12p

30 Jul 2010 10:53

Jardine Matheson 1H Net Profit $1.05B On Revenue $14.32B

LONDON (Dow Jones)--Jardine Matheson Holdings Ltd (JAR.LN) said Friday that for the six months ended June 30, it made a MAIN FACTS: -Revenue $14.32 billion (2009: $9.77 billion) -Operating profit $1.64 billion (2009:$2.39 billion) -Pretax profit $3.13 billion (2009: $972 million)

18 Jun 2010 10:14

Dairy Farm Intl Names Alec Tong Group Finance Director

LONDON (Dow Jones)--Dairy Farm International Holdings Limited (DFI.LN), an operator of supermarkets, hypermarkets, health and beauty, convenience and home furnishings stores, announced Friday the appointment of Alec Tong as Group Finance Director with effect from September 1, upon the retirement of

11 Jun 2010 12:45

Exor Chairman: Exor, Jardine Fund Targets Consumer Goods Firms

VENICE, Italy (Dow Jones)--A new $100 million private equity fund announced Thursday by Exor SpA (EXO.MI), Jardine Matheson Holdings Ltd. (JAR.LN) and private bank Rothschild will target consumer goods companies in China and India, Exor Chairman John Elkann told Dow Jones Newswires Friday. The n

10 Jun 2010 15:43

UPDATE: Exor Joins Jardine Matheson, Rothschild In Asia

(Adds details.) By Gilles Castonguay Of DOW JONES NEWSWIRES MILAN (Dow Jones)--Italian holding company Exor SpA (EXO.MI) will join conglomerate Jardine Matheson Holdings Ltd. (JAR.LN) and private bank Rothschild in a private equity partnership in China and India, committing up to $100

10 Jun 2010 14:37

Exor Joins Jardine Matheson, Rothschild In China, India

MILAN (Dow Jones)--Exor SpA (EXO.MI) said Thursday it had agreed to join Jardine Matheson and Rothschild in investing in China and India, committing up to $100 million. Exor, an Italian holding company, said in a statement the partnership would consist of an initial $250 million for investment.

10 Mar 2010 16:52

Experian non-exec improves his finances

Experian non-executive director Roger Davis has raised just over £700,000 from the sale of shares in the credit checking firm. Davis sold 110,199 shares at 638.5p each. This leaves him with 110,000 shares in Experian. Davis joined the Experian board at the beginning of 2007. He has an army backg

15 Dec 2009 15:34

InterContinental Hotels chief exec stocks up

Andrew Cosslett, the chief executive of the Holiday Inn operator InterContinental Hotels, has spent about £276,000 lifting his stake in the company. He bought 30,676 shares at 901p a time. His purchase comes on the back of a strong rise in the share price of InterContinental, which has benefited

14 Dec 2009 16:15

Domino's directors deliver more shares

Domino's Pizza directors are selling again. This time it is via the pizza delivery company's tender offer at 292p a share. This tender replaced the original tender offer at 317p a share, which was scuppered by a fall in the share price. There were 2.27m shares tendered by the closing date of 11 De

9 Dec 2009 15:45

Anite non-exec buys for ISA

Non-executive director David Hurst-Brown has acquired 74,445 shares in software company Anite for his ISA. This more than trebled his shareholding to 110,000 shares. He will benefit from tax free dividends in his ISA, starting with the 0.3p a share interim on 19 February. Hurst-Brown made his sh

Latest Share Chat

Jardine Math.sr Share News (JAR)

Share Price Information for Jardine Math.sr (JAR)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Jardine Matheson expects underlying profit to slightly fall

Login to your account

Quickpicks are a member only feature

Login to your account