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July 27, 2018, 6:51 p.m. EDT

Singapore : Jardine Matheson Holdings' H1 2018 net profit down on lower non-trading gains

Jul 27, 2018 (Euclid Infotech Ltd via COMTEX) -- JARDINE Matheson Holdings' (JMH) net profit for the first six months ended June 30 slumped 57 per cent year-on-year to US$928 million on the back of lower non-trading gains.

Non-trading gains in the first half totalled US$136 million, versus US$1.43 billion a year ago.

However, underlying net profit - which distinguishes between ongoing business performance and non-trading items - was up 6 per cent at US$792 million, said the group, which released its financial results on Friday.

Revenue rose 14 per cent to US$21.33 billion, while gross revenue - which includes contributions from associates, joint ventures, and Jardine Strategic Holdings (JSH) - rose 19 per cent to US$44.35 billion.

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