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Jardine Cycle & Carriage’s 1H20 earnings fall 66% to US$138 mil due to weaker performance from Astra

Felicia Tan
Felicia Tan7/30/2020 05:52 PM GMT+08  • 1 min read
Jardine Cycle & Carriage’s 1H20 earnings fall 66% to US$138 mil due to weaker performance from Astra
The board has declared an interim one-tier tax exempt dividend of 9 US cents per share for the half-year period, compared to the 18 US cents per share declared in 1H19.
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Jardine Cycle & Carriage (JC&C), a Jardine Matheson company, announced on July 30, that its 1H20 earnings fell 66% to US$138 million ($189.9 million) from US$407 million last year.

Earnings per share for 1H20 fell 66% to 35 US cents from US$1.03 in 1H19.

Revenue for 1H20 fell 28% y-o-y to US$6.60 billion mainly due to the significantly weaker performances registered by Astra’s automotive segment, financial services, and heavy equipment and mining operations due to the pandemic containment measures across most of Indonesia.

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