Jardine C&C's underlying profit falls 66% in H1; interim dividend halved

Singapore

WITH a slump in car sales amid the Covid-19 pandemic, Jardine Cycle & Carriage (Jardine C&C) saw a steep 66 per cent drop in its underlying profit to US$138 million for H1 FY2020 ended June.

Besides the challenges in the automotive segment, the company was also hit by weakness in the financial services and heavy equipment and mining businesses.

Jardine…

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