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Jardine Matheson, Jardine Strategic post dips in first-half underlying profit

JMH underlying profit for six months ended June 30 falls 3% to US$738m; JSH down 1% to US$779m

Nisha Ramchandani

Published Fri, Aug 2, 2019 · 09:50 PM

Singapore

JARDINE Matheson Holdings (JMH) and Jardine Strategic Holdings (JSH) both reported slightly lower earnings for the six months ended June 30.

JMH's underlying profit attributable to shareholders fell 3 per cent year-on-year to US$738 million, reflecting the loss of earnings from Jardine Lloyd Thompson (JLT) after the group divested its stake in April this year. However, profit surged 152 per cent to US$2.25 billion as the sale of the stake in JLT to Marsh & McLennan reaped a net gain of about US$1.5 billion.