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Interim Management Statement

16 May 2013 12:34

RNS Number : 9029E
Jardine Strategic Hldgs Ltd
16 May 2013
 



To: Business Editor For immediate releaseThe following announcement was issued today to a Regulatory Information Service approved by the Financial Conduct Authority in the United Kingdom.Jardine Strategic Holdings LimitedInterim Management Statement16th May 2013 - Jardine Strategic Holdings Limited has today issued its Interim Management Statement covering the period from 1st January to 15th May 2013.The Group's businesses faced mixed trading conditions with underlying earnings marginally up on last year. It has maintained a robust balance sheet with net debt little changed during the period.Of the businesses held through Jardine Matheson, Jardine Pacific saw an overall decline in earnings with weaker performances in most of its businesses. In Jardine Motors, higher earnings in Hong Kong and the United Kingdom led to an improved result despite continued difficult conditions in Southern China. Jardine Lloyd Thompson continued to progress and invest for growth.Within the businesses directly held, Hongkong Land's commercial properties saw generally positive rental reversions and its residential developments performed satisfactorily against a background of government measures to dampen the markets. Dairy Farm's results were marginally lower than last year, with another good performance in Hong Kong offset by challenging conditions in Malaysia. Mandarin Oriental's trading remained strong, and it opened new hotels in Guangzhou and Shanghai. Astra's contribution fell back due to higher labour costs, increased competition and softness in commodity prices, combined with a lower exchange rate.Jardine Strategic is a holding company which takes long-term strategic investments in multinational businesses, particularly those with an Asian focus, and in other high quality companies with existing or potential links with the Group. Its principal attributable interests are in Jardine Matheson (55%), Hongkong Land (50%), Dairy Farm (78%), Mandarin Oriental (74%) and Jardine Cycle & Carriage (73%), which in turn has a 50% interest in Astra. Jardine Strategic is 82%-held by Jardine Matheson. Jardine Strategic Holdings Limited is incorporated in Bermuda and has a premium listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Company's interests are managed from Hong Kong by Jardine Matheson Limited.

 

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For further information, please contact:Jardine Matheson LimitedNeil M McNamara (852) 2843 8227GolinHarrisKennes Young (852) 2501 7987This and other Group announcements can be accessed through the internet at www.jardines.com.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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IMSFQLFFXEFXBBL
Date   Source Headline
8th Sep 200810:42 amRNSDirector/PDMR Shareholding
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1st Aug 200810:40 amRNSJC&C Interim Results
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9th May 20087:00 amRNSDirectorate Change
8th May 20084:30 pmRNSAGM Statement
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12th Mar 200811:28 amRNSShares Purchase
7th Mar 20089:24 amRNSDirectorate Change
7th Mar 20089:05 amRNSFinal Results
29th Feb 20089:20 amRNSJC&C Preliminary Results
28th Feb 200810:46 amRNSAstra 2007 Full Year Results
11th Feb 20089:33 amRNSNotice of Results
6th Feb 20087:50 amRNSBond Repurchase by Subsidiary
27th Dec 20079:57 amRNSShares Purchase
18th Dec 200710:46 amRNSShares Purchase
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22nd Nov 200710:24 amRNSShares Purchase
21st Nov 200711:48 amRNSShares Purchase
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31st Oct 200710:06 amRNSTotal Voting Rights
31st Oct 20079:49 amRNSAstra Nine Months Results
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2nd Oct 200710:41 amRNSDisposal
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19th Sep 20077:00 amRNSResults of Tender Offers
12th Sep 200710:19 amRNSCircular to Shareholders
5th Sep 200710:10 amRNSDoc re. Interim Report 2007
15th Aug 200710:05 amRNSInterim Results
14th Aug 200710:27 amRNSJC&C Interim Results

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