Jardine Cycle & Carriage

[cyclone]

2019 Half Year Financial Statement

Highlights :
* Underlying profit modestly down
* Underlying profit attributable to shareholders of US$407 million was 1% lower than the same period last year
* Underlying earnings per share were also down 1% at US¢103
* The Group’s consolidated net debt, excluding Astra’s financial services subsidiaries, was US$3.1 billion at the end of June 2019, compared to US$2.2 billion at the end of 2018
* Lower contribution from Astra primarily due to a weaker automotive market
* Astra reported a net profit equivalent to US$691 million, under Indonesian accounting standards, 6% lower in its local currency terms
* Direct Motor Interests affected by increased competition in Vietnam
* Improved Other Strategic Interests contribution due to higher dividend income
* The Board has declared an interim one-tier tax exempt dividend of US¢18 per share (2018: US¢18 per share) for the half year ended 30 June 2019.

More details in https://links.sgx.com/FileOpen/JCC_1H201...eID=573016