Jardine Cycle & Carriage: Announced good set of 3Q results which was in-line, registering a 28% yoy rise in net profit at US$289.6m and +35% yoy at US$5.4b.. Of this, US$278.5m, or 96.2%, came from its listed Indo conglomerate Astra, which registered a 28% increase yoy.
The group's other motor business showed some earnings improvement, although challenges remain in SG and Vietnam. No div was declared for the nine months ended Sept 30, meanwhile, Jardine C&C announced the retirement of Anthony Nightingale as chairman on March 31 next year.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment