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Jardine Strategic and Jardine Matheson report lower FY18 earnings of US$1.84 bil and US$1.73 bil

PC Lee
PC Lee2/28/2019 07:41 PM GMT+08  • 3 min read
Jardine Strategic and Jardine Matheson report lower FY18 earnings of US$1.84 bil and US$1.73 bil
SINGAPORE (Feb 28): Jardine Strategic Holdings and Jardine Matheson Holdings, both members of the Jardines group of companies, reported 57% and 56% lower FY18 earnings of US$1.84 billion and US$1.73 billion respectively.
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SINGAPORE (Feb 28): Jardine Strategic Holdings and Jardine Matheson Holdings, both members of the Jardines group of companies, reported 57% and 56% lower FY18 earnings of US$1.84 billion and US$1.73 billion respectively.

However underlying net profit for Jardine Strategic and Jardine Matheson were up 14% to US$1.78 billion and 10% to US$1.7 billion respectively compared with the prior year.

These were supported by strong performances from Astra and Hongkong Land, as well as an improved performance from Jardine Cycle & Carriage’s non-Astra businesses, while Jardine Pacific, Jardine Motors and Dairy Farm were relatively flat against the prior year.

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