LONDON-- Asia-focused Conglomerate Jardine Matheson Holdings
Ltd. (JAR.LN) Friday reported a rise in interim net profit and
predicted full year profit in line with last year, but underlying
earnings fell amid mixed trading across its businesses.
Net profit for the six months ended June 30 rose to $818 million
from $784 million over the same period the previous year, but
underlying net profit and revenue were both down 2%, to $739
million and $30.8 billion respectively.
The company, whose businesses include hotel group Mandarin
Oriental and real estate company Hongkong Land, lifted its dividend
by 3% to 38 cents.
"The Group did well to maintain its first-half results in the
face of a weaker Indonesian rupiah, fewer residential project
completions and increased margin pressures in some of its
businesses," said chairman Henry Keswick.
"The full-year profit is also expected to remain broadly in line
with last year," he added.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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