Jardine Matheson Holdings Ltd - Hong Kong-based holding company with interests in retail, property, hotels and motor dealerships - Posts revenue of USD37.7 million for 2022, up 5.0% from USD35.9 million a year earlier. Underlying pretax profit is USD4.9 million, up 20% from USD4.1 million, as underlying earnings per share increases by 14% to 5.49 pence from 4.83p a year earlier. Declares a final dividend of USD1.60 per share, taking total dividend to USD2.15 per share, up 7.5% from USD2.00 each a year prior. Looking ahead, says optimistic about sustainable, long-term profit growth.
Chair Ben Keswick says: "Jardines delivered a good performance overall in 2022, with results recovering to pre-pandemic levels seen in 2019. There were strong results from Southeast Asia, in particular Astra and Jardine Cycle & Carriage, but the performance of our businesses in Hong Kong and on the Chinese mainland continued to be materially impacted by the continuation of pandemic restrictions there, which only began to be relaxed in December."
Current stock price: USD47.88, down 0.3%
12-month change: down 16%
By Xindi Wei, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Jardine Math.sr (JAR)