See: Hongkong Land posts 67% increase in FY17 earnings to US$5.6 bil on fair value of investment properties
See: Mandarin Oriental reports 1% fall in FY17 earnings to US$54.9 mil
See: Dairy Farm's FY17 earnings fall 14% to US$404 mil on business change costs
Jardine Matheson's earnings included a US$1.9 billion share of increases in property valuations, principally Hongkong Land’s investment properties in Hong Kong, and US$268 million of other net non-trading gains.
Meanwhile, Jardine Strategic's earnings was boosted by a US$2.3 billion share of increases in property valuations, also from Hongkong Land, and US$195 million of other net non-trading gains.
Jardine Strategic's revenue for FY17, together with revenue from Jardine Matheson, associates and joint ventures, was US$83.8 billion, 16% higher compared to a year ago. The group’s consolidated revenue for FY17 was US$31.6 billion, an increase of 7%.
Jardine Matheson's gross revenue for FY17, which included 100% of revenue from associates and JVs, was US$83.8 billion, 16% higher compared to a year ago. Group’s consolidated revenue for FY17 was US$39.5 billion, an increase of 6%.
Jardine Strategic is recommending a final dividend of 22.50 US cents per share, bringing full year dividend of 32 US cents per share, up 7% from the prior year.
Jardine Matheson is proposing a final dividend of US$1.20 per share, which produces a full year dividend of US$1.60 per share, also uo 7% from last year.
Shares in Jardine Strategic closed 70 cents higher at US$39.30 while shares in Jardine Matheson closed 80 cents higher at $62.80.
