Jardine Matheson Net Profit -6%; Expects Uneven Conditions to Continue

Jardine Matheson Holdings Ltd. (JAR.LN), a diversified business group focused principally on Asia, Thursday reports a 6% fall in 2013 net profit, and said it expects last year's uneven market conditions to continue, with a reduced contribution from Hongkong Land's residential completions and a weaker average exchange rate for the Indonesian rupiah.

MAIN FACTS:

-Revenue, together with revenue of associates and joint ventures, for year ended Dec. 31, 2013 US$61.38 billion (2012: US$60.45 billion), +2%

-Underlying profit before tax $4.60 billion (2012: $4.74 billion), -3%

-Underlying profit attributable to shareholders $1.50 billion (2012: $1.46 billion), +3%

-Profit attributable to shareholders $1.57 billion (2012: $1.67 billion), -6%

-Shareholders' funds at Dec. 31 $18.39 billion (2012: $17.80 billion), +3%

-Underlying EPS $4.09 (2012: $4.01), +2%

-EPS $4.26 (2012: $4.58), -7%

-Dividends per share $1.40 (2012: $1.35), +4%

-Net asset value per share at Dec. 31 $49.84 (2012: $48.53), +3%

-Group's businesses are generally trading well and continuing to invest for the future.

-Although it is too early to forecast, the current outlook is for a sound overall performance.

-Write to Ian Walker at [e-mail]

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