Jardine Matheson's flagship property company announced its full-year results, successfully turning losses into profits, earning $1.26 billion (about HK$9.8 billion) and its outlook for the future is surprisingly positive.
Chairman John Witt concluded: "Despite uncertainty about the macroeconomic conditions in the group's major markets, I believe our strategy of focusing on ultra-high-end commercial real estate in Asian gateway cities will continue to benefit from the global trend of 'risk aversion' and achieve long-term sustainable growth."
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