Highlights
- Underlying profit and underlying earnings per share grow by 5% and 14%, respectively
- Strong performance in Southeast Asia, led by Astra
- Continued pressure on China (including Hong Kong) in the second half
- Full year dividend of US$2.15, up 8%
Analysis of underlying profit attributable to shareholders of US$1,584 million
By business*
By sector*

0%
US$417m
Property

0%
US$561m
Motor vehicles

0%
US$475m
Engineering,
heavy equipment,
mining, construction
& energy

0%
US$76m
Retail & restaurants

0%
US$154m
Financial services

US$0m
Hotels^

0%
US$51m
Others
By geographical area*
Southeast Asia
China
Rest of the World
Strategic priorities
The Group works with our businesses to deliver on our strategic priorities of:
2022 financial highlights
US$100000m
Gross revenue
US$4000m
Underlying profit before taxΩ
US$30000m
Revenue
US$300m
Profit attributable to shareholders
US$80000m
Total assets
400000
People employedΔ
US$20000m
Shareholders’ funds
US$1000m
Underlying profit attributable to shareholdersΩ
US$7000m
Net borrowings#
US$9000m
Total capital investment†
Results
|
2022
US$m |
2021
US$m |
Change
% |
|
|---|---|---|---|
|
Gross revenue including 100% of associates and joint ventures
|
114,758
|
109,370
|
5
|
|
Revenue
|
37,724
|
35,862
|
5
|
|
Underlying profit before taxΩ
|
4,930
|
4,117
|
20
|
|
Underlying profit attributable to shareholdersΩ
|
1,584
|
1,513
|
5
|
|
Profit attributable to shareholders
|
354
|
1,881
|
(81)
|
|
Shareholders’ funds
|
28,826
|
29,781
|
(3)
|
|
US$ |
US$ |
% |
|
|
Underlying earnings per shareΩ
|
5.49
|
4.83
|
14
|
|
Earnings per share
|
1.22
|
6.01
|
(80)
|
|
Dividends per share
|
2.15
|
2.00
|
8
|
Underlying earnings per share (US$)
Net asset value per share (US$)
*Based on underlying profit attributable to shareholders before corporate and other interests, which amounted to US$1,740 million.
^Insignificant contribution from Mandarin Oriental.
ΩThe Group uses ‘underlying profit’ in its internal financial reporting to distinguish between ongoing business performance and non-trading items, as more fully described in note 41 to the financial statements. Management considers this to be a key measure which provides additional information to enhance understanding of the Group’s underlying business performance.
ΔIncludes major associates and joint ventures.
#Excluding net borrowings of financial services companies.
†Including expenditure on properties for sale and in associates and joint ventures..
