Jardine Strategic full-year profit down 57% to US$1.84b

The board is proposing a final dividend of 24 US cents per share. This gives a full-year dividend of 34 US cents, up from 32 US cents before.Meanwhile, gross revenue - including turnover from associates, joint ventures and Jardine Matheson Holdings - grew by 11 per cent to US$92.35 billion.Full-year net profit at JMH slid 56 per cent to US$1.73 billion.

Excluding those factors, underlying profit attributable to JMH shareholders was US$1.7 billion, up 10 per cent from the previous year. But he also noted the sale of the group's interest in Jardine Lloyd Thompson to Marsh & McLennan Companies, which is expected to be completed in Spring 2019. The sale will fetch some US$2 billion, which he said will"further enhance the group's ability to take advantage of opportunities in its core markets across Asia".

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