Transcription of Jardine Matheson Holdings Limited - hkland.com
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Jardine Matheson Holdings Limited - hkland.com
Issued by: Hongkong Land Limited 8th Floor, One Exchange Square, Central, Hong Kong Incorporated in Bermuda with Limited liability - more - News Release To: Business Editor 8th March 2018 For immediate release The following announcement was issued today to a Regulatory Information Service approved by the Financial Conduct Authority in the United Kingdom. HONGKONG LAND Holdings Limited 2017 PRELIMINARY ANNOUNCEMENT OF RESULTS Highlights Underlying profit up 14% to a record US$970 million Full-year dividend up 5% Net asset value per share up 18% WF CENTRAL retail complex opens in Beijing Ten new projects secured The strong contribution from the Group s investment properties to underlying profit is expected to be maintained in 2018, while further improvements are anticipated from the Group s development properties in mainland China and Singapore. Ben Keswick Chairman Results Year ended 31st December 2017 US$m 2016 US$m Change % Underlying profit attributable to shareholders* 970 848 +14 Profit attributable to shareholders 5,585 3,346 +67 Shareholders funds 36,774 31,294 +18 Net debt 2,549 2,008 +27 US US % Underlying earnings per share* +14 Earnings per share +67 Dividends per share +5 US$ US$ % Net asset value per s
* The Group uses ‘underlying profit attributable to shareholders’ in its internal financial reporting to distinguish between ongoing business performance and nontrading items, as more fully described in -
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