SINGAPORE (March 2): Jardine Matheson Holdings saw a 39% rise in FY16 earnings to US$2.5 billion ($3.5 billion) from US$1.8 billion a year ago.
The stronger bottomline was led by the group’s US$1.1 billion share of an increase in the value of Hongkong Land’s investment property portfolio.
(See also: Hongkong Land reports 66% rise in FY16 earnings to $3.3 bil on property investment revaluation gains)
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