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Jardines 2020 Preliminary Announcement of Results Released : 11 Mar 2021 RNS Number : 9269R Jardine Matheson Hldgs Ltd 11 March 2021 To : Business Editor 11th March 2021 For immediate release The following announcement was issued today to a Regulatory Information Service approved by the Financial Conduct Authority in the United Kingdom . Jardine Matheson Holdings Limited 2020 Preliminary Announcement of Results Resilient performance in challenging conditions Headlines • • • • • Underlying net profit attributable to shareholders down 32 % to US $ 1,085 million and underlying earnings per share down 30 % to US $ 2.95 Southeast Asian businesses and Mandarin Oriental severely impacted by the pandemic , but resilience in Hongkong Land , Dairy Farm , Jardine Pacific and Jardine Motors Continued investment for the long - term exemplified by US $ 4.5 billion investment by Hongkong Land in West Bund in Shanghai Dividend maintained at US $ 1.72 per share for the year , reflecting Board's confidence in long - term strength of underlying businesses and balance sheet Separate announcement of offer to acquire remaining c.15 % of Jardine Strategic for US $ 33 per share in cash " 2020 has brought major challenges to our teams and businesses , but also demonstrated once again the Group's ability to adapt , perhaps best exemplified by last week's Group restructuring announcement . High levels of uncertainty remain in respect of this year , however , given the continuing impact of the pandemic . The Group's performance in the first part of 2021 is expected to be affected in particular by the continuing headwinds faced by our businesses in Southeast Asia and the ongoing low levels of Chinese mainland and other visitors to Hong Kong . There is continued robust economic activity on the Chinese mainland , but it is uncertain whether this will be maintained . It remains too soon to predict what the impact of the pandemic will be on the Group's performance for the full year . However , we remain confident in our long - term strategy , rooted in the growth markets of Asia , and we will continue to focus on our core priorities of driving operational excellence , evolving the Group's portfolio and finding new growth opportunities , in order to deliver long - term value . " John Witt , Group Managing Director " 2020 was a year of exceptional challenge for everyone , with the global pandemic fundamentally changing the way we do business , and carry out our day - to - day lives , against the backdrop of changes in the wider society and the global economy . I am grateful to our teams across all Jardine Matheson companies for the tremendous dedication and commitment they have shown serving our customers in these difficult times and am encouraged by the Group's resilient performance in the face of these challenges , which is reflected in the unchanged dividend for the full year . We have a long track record of successfully navigating change and challenge throughout a history spanning nearly two centuries . The resilience the Group demonstrated in 2020 provides the Board with the confidence to continue to take advantage of long - term opportunities in Asia , while adapting to the changing external environment and rapidly evolving expectations of our stakeholders . As announced separately on 8th March , we are taking the important step of simplifying our parent company structure - a move that will create value for our shareholders and increase the Group's operational and financial flexibility . This is