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Jardine Matheson Holdings Ltd - Hong Kong-based holding company with interests in retail, property, hotels and motor dealerships - Posts revenue of $37.7 million for 2022, up 5.0% from $35.9 million a year earlier. Underlying pretax profit is $4.9 million, up 20% from $4.1 million, as underlying earnings per share increases by 14% to 5.49 pence from 4.83p a year earlier. Declares a final dividend of $1.60 per share, taking total dividend to $2.15 per share, up 7.5% from $2.00 each a year prior. Looking ahead, says optimistic about sustainable, long-term profit growth. Chair Ben Keswick says: ‘Jardines delivered a good performance overall in 2022, with results recovering to pre-pandemic levels seen in 2019. There were strong results from Southeast Asia, in particular Astra and Jardine Cycle & Carriage, but the performance of our businesses in Hong Kong and on the Chinese mainland continued to be materially impacted by the continuation of pandemic restrictions there, which only began to be relaxed in December.’ Current stock price: $47.88, down 0.3% 12-month change: down 16% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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