Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJDS.L Regulatory News (JDS)

  • There is currently no data for JDS

Interim Management Statement

6 Nov 2013 09:21

RNS Number : 3298S
Jardine Strategic Hldgs Ltd
06 November 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 Statement6th November 2013 - Jardine Strategic Holdings Limited has today issued its Interim Management Statement covering the period from 1st July to 5th November 2013.The trading environment continued to be mixed for the Group's businesses and underlying earnings remain broadly in line with last year. The balance sheet remains strong, with net debt at 31st October 2013 somewhat lower than that reported at the half year.Of the businesses held through Jardine Matheson, Jardine Pacific experienced lower profitability in a number of its key businesses leading to an overall decline in profit. Jardine Motors saw improved earnings from reduced operating losses in Southern China and enhanced performances in Hong Kong and the United Kingdom. Despite challenging markets, Jardine Lloyd Thompson continued to make progress as it benefited from organic growth and acquisitions.Within the businesses directly held by Jardine Strategic, Hongkong Land's commercial property interests continued to perform well and further sales and completions were recorded in the residential sector. Dairy Farm achieved increased sales in most of its major businesses, but cost pressures and margin investment in certain businesses led to earnings being slightly lower. Mandarin Oriental's trading momentum remained positive, and two new management contracts were announced in mainland China. Astra achieved strong increases in automotive sales volumes, although earnings were affected by increased competition in the car market, higher employee costs and lower commodity prices, while the weaker rupiah reduced further the contribution on consolidation.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 (56%), 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 83%-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.

 

- end -

 

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
 
END
 
 
IMSKQLBBXFFFFBV
Date   Source Headline
1st Apr 201011:06 amRNSAnnual Financial Report
30th Mar 201010:35 amRNSCircular to Shareholders - Scrip Dividend Scheme
10th Mar 20109:50 amRNSCircular to Shareholders - Tender Offer
5th Mar 20109:36 amRNSTender Offer
5th Mar 20109:33 amRNSFinal Results
25th Feb 20109:39 amRNSJC&C 2009 Financial Statements & Dividends
25th Feb 20109:38 amRNSAstra 2009 Full Year Financial Statements
8th Feb 20109:23 amRNSNotice of 2009 Final Results
12th Nov 20099:16 amRNSInterim Management Statement
6th Nov 20099:11 amRNSJC&C 2009 Third Quarter Financial Statements
30th Oct 20099:51 amRNSTotal Voting Rights
30th Oct 20099:36 amRNSAstra 2009 Third Quarter Financial Statements
21st Oct 200912:05 pmRNSDirector/PDMR Shareholding
13th Oct 20099:09 amRNSAdditional Listing
7th Oct 200910:49 amRNSDividend
5th Oct 200911:22 amRNSDividend
9th Sep 200910:10 amRNSCircular to Shareholders
7th Aug 200910:27 amRNSJC & C Half Year Financial Statements
7th Aug 200910:26 amRNSHalf Yearly Report
30th Jul 200910:19 amRNSAstra 2nd Quarter Results 2009
10th Jul 200910:33 amRNSNotice of 2009 Half-Yearly Results
22nd Jun 200911:04 amRNSHolding(s) in Company
11th Jun 200911:00 amRNSAdditional Listing
29th May 200910:14 amRNSTotal Voting Rights
13th May 200911:23 amRNSDirector/PDMR Shareholding
7th May 20094:31 pmRNSDoc re. AGM non routine resolutions
7th May 20094:15 pmRNSResult of AGM
7th May 200912:14 pmRNSInterim Management Statement
29th Apr 200911:33 amRNSDividend
29th Apr 200911:05 amRNSJardine Cycle & Carriage 2009 Q1 Fin. Statements
29th Apr 200910:39 amRNSAstra First Quarter 2009 Financial Statements
27th Apr 200910:21 amRNSDividend
20th Apr 200911:05 amRNSAnnual Information Update
9th Apr 200910:14 amRNSPublication of 2008 Annual Report & Notice of AGM
31st Mar 200910:21 amRNSCircular to Shareholders
20th Mar 20099:48 amRNSDirector/PDMR Shareholding
6th Mar 20099:05 amRNSFinal Results
27th Feb 200912:41 pmRNSCycle & Carriage 2008 Financial Statements
27th Feb 20099:24 amRNSAstra 2008 Full Year Financial Statements
9th Feb 20099:15 amRNSNotice of 2008 Final Results
13th Nov 20089:14 amRNSInterim Management Statement
7th Nov 200811:18 amRNSJC & C 3rd Quarter Results
7th Nov 20089:37 amRNSJC & C 3rd Quarter Results
31st Oct 200810:30 amRNSAstra 2008 Third Quarter Financial Statements
31st Oct 200810:10 amRNSTotal Voting Rights
28th Oct 200810:08 amRNSShares Purchase
15th Oct 200812:22 pmRNSDirector/PDMR Shareholding
15th Oct 200811:51 amRNSDividend
2nd Oct 200810:46 amRNSDividend
29th Sep 200810:13 amRNSDividend

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.