Jardine Matheson Hldgs Ld
08 May 2008
To: Business Editor For immediate release
The following announcement was issued today to a Regulatory Information Service
approved by the Financial Services Authority in the United Kingdom.
Jardine Matheson Holdings Limited
Interim Management Statement
8th May 2008 - Jardine Matheson Holdings Limited has today issued an Interim
Management Statement covering the period from 1st January to 7th May 2008 in
accordance with the requirements of the Disclosure and Transparency Rules issued
by the Financial Services Authority of the United Kingdom.
During the period under review, Jardine Pacific's businesses continued to
perform well and Jardine Motors is having a satisfactory start to 2008,
particularly in mainland China. Jardine Lloyd Thompson is making good progress
against the background of competitive trading conditions.
Hongkong Land's commercial property markets in Hong Kong and Singapore have
remained robust, while Dairy Farm's operations are trading strongly. Mandarin
Oriental's hotels have experienced some reduction in occupancy, which has been
offset by increased rates, and certain of its development projects may be
subject to delays in the current environment. Jardine Cycle & Carriage has
begun the year on a positive note with Astra reporting a good increase in first
quarter earnings.
Overall the Group has shown a promising start to 2008, but may face a more
uncertain economic environment as the year unfolds.
Jardine Matheson is a diversified business group focused principally on Asia.
Its interests include Jardine Pacific, Jardine Motors, Jardine Lloyd Thompson,
Hongkong Land, Dairy Farm, Mandarin Oriental, Jardine Cycle & Carriage and Astra
International. These companies are leaders in the fields of engineering and
construction, transport services, insurance broking, property investment and
development, retailing, restaurants, luxury hotels, motor vehicles and related
activities, financial services, heavy equipment, mining and agribusiness.
- end -
For further information, please contact:
Jardine Matheson Limited
Neil M McNamara (852) 2843 8227
GolinHarris
Nick Bradbury (852) 2501 7910
This and other Group announcements can be accessed through the Internet at '
www.jardines.com'.
This information is provided by RNS
The company news service from the London Stock Exchange
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