The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJDS.L Regulatory News (JDS)

  • There is currently no data for JDS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Interim Management Statement

4 May 2017 12:38

RNS Number : 2133E
Jardine Strategic Hldgs Ltd
04 May 2017
 

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 Statement4th May 2017 - Jardine Strategic Holdings Limited has today issued an Interim Management Statement for the first quarter of 2017.Improved trading conditions in a number of the Group's principal markets led to good earnings growth during the three months under review, compared with the same period in 2016. Better performances were seen in Astra, Hongkong Land, Jardine Pacific, Jardine Motors and Dairy Farm. The Group's balance sheet at 31st March 2017 remained strong with little change in gearing since the prior year end.Of the Group's businesses held through Jardine Matheson, Jardine Pacific's results benefited from improvements in its engineering and construction activities and its transport businesses. In Jardine Motors, the trading momentum continued to be positive in mainland China, although Hong Kong remained soft. Jardine Lloyd Thompson made a good start to the year in challenging markets, with momentum being maintained in its Risk and Insurance activities, while in Employee Benefits its international businesses produced revenue growth and further improvement was seen in its restructured UK operations.Within the businesses held directly by the Company, rental reversions in Hongkong Land's office portfolio in Hong Kong remained positive with occupancy levels little changed, and in residential trading activities, its mainland China developments benefited from sound market sentiment while conditions in Singapore were satisfactory. Dairy Farm faced tough operating conditions resulting in sales for the period being slightly lower, however, improved margins in certain businesses and an increased contribution from associates led to a modest rise in underlying profit. The results across Mandarin Oriental's portfolio were largely stable, but its earnings declined primarily due to the partial closure of its London hotel for renovation.Jardine Cycle & Carriage's earnings rose with an increased contribution from Astra, but profits from its Direct Motor Interests were lower. Astra started the year well with good profit growth following improved performances from most of its divisions. Its automotive businesses captured strong market shares for both cars and motorcycles, while earnings in its financial services operations recovered with a return to profit for Permata Bank. Higher commodity prices also led to better trading in Astra's heavy equipment and agribusiness divisions.In April, the Company redeemed US$400 million of convertible bonds issued by Zhongsheng and agreed to subscribe some US$172 million for new Zhongsheng shares, subject to the required shareholder approval, which will increase its interest from 16% to 20%.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 57%, Hongkong Land 50%, Dairy Farm 78%, Mandarin Oriental 77% and Jardine Cycle & Carriage 75%, which in turn has a 50% interest in Astra. It also has a minority interest in Zhongsheng. Jardine Strategic is 84% held by Jardine Matheson. Jardine Strategic Holdings Limited is incorporated in Bermuda and has a standard 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 8227Brunswick Group LimitedKarin Wong (852) 3512 5077This 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
 
 
MSCFZLFBDEFXBBQ
Date   Source Headline
23rd Jan 201910:38 amRNSShares Purchase
22nd Jan 201910:48 amRNSShares Purchase
21st Jan 201911:21 amRNSShares Purchase
20th Dec 201811:34 amRNSDirector Declaration
17th Dec 20187:00 amRNSDF Increases Interest in Rose Pharmacy Inc to 100%
23rd Nov 20189:10 amRNSDF Completes Partnership with Robinsons in Phl
8th Nov 20189:20 amRNSInterim Management Statement
8th Nov 20189:17 amRNSInterim Management Statement
8th Nov 20189:12 amRNSInterim Management Statement
8th Nov 20189:12 amRNSInterim Management Statement
8th Nov 20189:10 amRNSInterim Management Statement
7th Nov 20189:21 amRNS2018 Third Quarter Financial Statements
31st Oct 20189:12 amRNSTotal Voting Rights
30th Oct 201810:02 amRNSNine Months 2018 Results of PT Hero
29th Oct 20187:00 amRNSPT Astra 2018 Third Quarter Financial Statements
12th Oct 201812:00 pmRNSShares Purchase
10th Oct 201810:45 amRNSShares Purchase
10th Oct 201810:12 amRNSDirector/PDMR Shareholding
9th Oct 201811:03 amRNSShares Purchase
5th Oct 201810:47 amRNSShares Purchase
5th Oct 201810:36 amRNSAdditional Listing
4th Oct 201811:30 amRNSShares Purchase
3rd Oct 201811:14 amRNSShares Purchase
2nd Oct 201811:36 amRNSShares Purchase
2nd Oct 20187:00 amRNSDF Increases Interest in Rose Pharmacy Inc to 100%
1st Oct 20187:00 amRNSDirectorate Change
1st Oct 20187:00 amRNSDirectorate Change
1st Oct 20187:00 amRNSDirectorate Change
1st Oct 20187:00 amRNSDirectorate Change
1st Oct 20187:00 amRNSDirectorate Change
26th Sep 201810:10 amRNSDividend
21st Sep 201811:33 amRNSDividend
29th Aug 201810:08 amRNSCirc re. Scrip Dividend Scheme
17th Aug 201810:26 amRNSDF Partnership With Robinsons Receive PCC Approval
27th Jul 201810:47 amRNSHalf-year Report
27th Jul 201810:41 amRNSHalf-year Report
26th Jul 201811:07 amRNSPT Astra International Tbk Half Year Report
26th Jul 201810:06 amRNSHalf-year Report
26th Jul 201810:06 amRNSHalf-year Report
26th Jul 201810:06 amRNSHalf-year Report
25th Jul 201810:35 amRNSFirst Half of 2018 Results of PT Hero
28th Jun 201810:11 amRNSNotice of 2018 Half-Yearly Results
7th Jun 20187:00 amRNSMandarin Oriental International Ltd Announcement
31st May 201810:25 amRNSTotal Voting Rights
16th May 201810:14 amRNSDirector/PDMR Shareholding
11th May 201810:10 amRNSAdditional Listing
10th May 20185:06 pmRNSDirectorate Change
10th May 20185:05 pmRNSResult of AGM
10th May 20185:05 pmRNSNon-Routine Resolutions submitted via NSM
10th May 201812:34 pmRNSInterim Management Statement

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.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.