By Joe Hoppe
Jardine Strategic Holdings Ltd said Thursday that 2019 revenue and underlying profit fell and were hit by the China-US trade war, negative consumer sentiment in a number of markets, lower commodity prices, and social unrest in Hong Kong.
The Asia-based group said revenue for the year fell to $32.67 billion from $34.09 billion the year prior.
Underlying profit--one of the company's preferred metrics which strips out exceptional and other one-off items--also fell to $1.68 billion from $1.7 billion a year earlier.
Net asset value per share slipped to $57.98 from $68.46 the previous year.
The group said that 2020 performance in Greater China has been hit by the coronavirus outbreak, and said that "results for the remainder of the year will depend on the duration, geographic extent and impact of the outbreak and the measures taken to control it."
Jardine Strategic declared a final dividend of $0.25, bringing its total dividend for the year up to $0.355 compared with $0.340 in 2018.
Shares at 1230 GMT down 20 cents, or 0.7%, at $27.19.
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