Hong Kong-based conglomerate Jardine Matheson Holdings (JMH) has reported an underlying profit of US$798 million, up 45% y-o-y for the 1HFY2025 ended June 30.
This has resulted in earnings of US$528 million for 1HFY2025, a reversal from a loss in the same period a year ago.
The group’s revenue declined 1% y-o-y to US$17.1 billion for 1HFY2025.
JMH saw improved results from most of its businesses, which was partly offset by weaker contributions from Astra’s HEMCE and automotive division.
The group’s cashflow from operating activities for the first half was 14% y-o-y lower at US$2.6 billion and free cash flow at the parent company was 6%y-o-y higher at US$585 million, providing 2 time cover for the company’s dividend payments.
Gearing stood at 11% as at end June, down 3% from the previous quarter.
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The board has proposed an interim dividend held at 60 US cents per share.
Shares in JMH closed US$2.37 lower or 4.165% down at US$54.53 on July 31.
