	jardine matheson profits seen up sharply in a strong performance by its retail businesses and affiliates will enable jardine matheson holdings ltd jard hkg to report on friday a big leap in net profit in stock analysts said they told reuters they expect the firm to show ings of between mln and mln h k dlrs last year against mln in the analysts also said they expect jardine matheson to pay a total dividend of to cents a share against cents a share in james capel far east ltd estimates jardine matheson s profits at mln dlrs and attributes most of the income to retail sales analysts said the group s eleven retail stores and its franchises among them canon cameras christian dior luxury goods and mercedes benz cars produced a strong cash flow alan hargreaves of hoare govett asia ltd also put jardine matheson s net profits at mln dlrs and said he estimates pre tax ings from retail operations at about mln dlrs against mln in but hargreaves said jardine matheson s ings from its pct stake in hong kong land co ltd hkld hkg will fall to about mln dlrs from mln dlrs in the reduced contribution reflects the spin off from hong kong land of dairy farm international ltd last september jardine gained a direct holding of pct of dairy farm as a result of the spin off analysts said jardine will book revenues from its dairy farm stake for the final months of the year as part of its retail business which will increase its overall retail income figures analysts said jardine matheson will also enjoy sharply increased revenues from financial services mainly its pct share of jardine fleming holdings ltd jardine fleming yesterday reported record profits for of mln dlrs against mln in analysts said jardine matheson made net interest payments of about mln dlrs last year slightly below the mln dlrs of while the company s term debt remained at about the level of billion dlrs but jardine was also subject to increased taxes of mln dlrs last year against mln in they said jardine matheson is undergoing a series of reorganisations that will in effect turn it into a holding company for its diverse interests it previously announced a plan to sell its stakes in both hong kong land and dairy farm to newly created jardine strategic holdings ltd in which it has a pct interest a company statement issued last month said the firm will use the proceeds to repay all debt leaving it with an additional mln dlrs in cash on hand though jardine matheson will be deprived of a direct stake in the high yield hong kong land and dairy farm units it is likely to develop its own business analysts said the future of the stock will depend on the firm s ability to creatively structure some new acquisitions said hargreaves of hoare govett he noted the firm has suggested financial services as a key sector and he said it may add some insurance firms to its existing business reuter 
