Jardine Matheson Holdings First Half 2024 Earnings: EPS Beats Expectations, Revenues Lag

Jardine Matheson Holdings (SGX:J36) First Half 2024 Results

Key Financial Results

• Revenue: US$17.3b (down 5.1% from 1H 2023).
• Net loss: US$40.0m (down by 107% from US$566.0m profit in 1H 2023).
• US$0.14 loss per share (down from US$1.95 profit in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Jardine Matheson Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 75%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Industrials industry in Asia.

Performance of the market in Singapore.

The company's shares are down 5.2% from a week ago.

Risk Analysis

Be aware that Jardine Matheson Holdings is showing 4 warning signs in our investment analysis that you should know about...

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