Jardine Matheson Hdg (JAR) - Interim Management Statement
RNS Number : 5250Q
Jardine Matheson Hldgs Ld
07 November 2012
For immediate release
The following announcement was issued today to a Regulatory Information
Service approved by the Financial Services Authority in the United Kingdom.
Jardine Matheson Holdings Limited
Interim Management Statement
7th November 2012 - Jardine Matheson Holdings Limited has today issued an
Interim Management Statement covering the period from 1st July to 6th November
2012 in accordance with the requirements of the Disclosure and Transparency
Rules of the Financial Services Authority in the United Kingdom.
The Group has performed steadily during the period under review with
underlying earnings in line with last year. Jardine Matheson has maintained a
strong balance sheet with net debt little changed during the period.
Jardine Pacific's operations produced mixed performances during the period and
its results overall were slightly behind those for last year. Jardine Motors
is seeing good levels of activity in Hong Kong, but its results have been
materially affected by difficult trading conditions in Southern China.
Jardine Lloyd Thompson achieved further organic growth supported by strong
revenue generation in Latin America and Asia.
Hongkong Land's commercial properties saw generally positive rental reversions
despite subdued markets, while the contribution from its residential
developments is greater than had been anticipated at the start of the year.
Dairy Farm's businesses continued to perform well with improvements in both
sales and earnings. Mandarin Oriental benefited from positive trading
environments, although it is experiencing some reduction in levels of
corporate business. Astra is achieving strong car sales in Indonesia, which
has more than offset lower returns from a number of its other areas of
Jardine Matheson is a diversified business group focused principally on Asia.
Its interests include Jardine Pacific, Jardine Motors, Jardine Lloyd Thompson,
Hongkong Land, Dairy Farm, Mandarin Oriental, Jardine Cycle & Carriage and
Astra. These companies are leaders in the fields of engineering and
construction, transport services, insurance broking, property investment and
development, retailing, restaurants, luxury hotels, motor vehicles and related
activities, financial services, heavy equipment, mining and agribusiness.
Jardine Matheson Holdings Limited is incorporated in Bermuda and has a premium
listing on the London Stock Exchange, with secondary listings in Bermuda and
Singapore. Jardine Matheson Limited operates from Hong Kong and provides
management services to Group companies.
- end -
For further information, please contact:
Jardine Matheson Limited
(852) 2843 8227
(852) 2501 7987
This and other Group announcements can be accessed through the internet at
This information is provided by RNS
The company news service from the London Stock Exchange
IMSUGGCGGUPPUBM -0- Nov/07/2012 09:15 GMT
Press spacebar to pause and continue. Press esc to stop.