You are here

Jardine Matheson 2015 net profit up 5% to US$1.8b

JARDINE Matheson Holdings reported a 5 per cent increase in net profit for the year ended Dec 31, 2015, to US$1.8 billion.

Revenue was up 4 per cent to US$65.27 billion, with Dairy Farm and Astra contributing the bulk at US$17.91 billion and US$25.25 billion, respectively.

Earnings per share stood at US$4.82 - an increase from the US$4.62 the year before.

The board recommended a final dividend of US$1.07 per share - maintaining the full-year dividend at US$1.45.

Said its chairman, Henry Keswick, of the group's outlook: "While the current economic conditions in China and Indonesia are expected to continue to affect the group's profitability in 2016, we remain positive about the medium-term prospects for our companies. They all possess sound finances, have clear strategic objectives and are well positioned to benefit from the increasing spread of affluence in the region."

sentifi.com

Market voices on:

Powered by GET.comGetCom