SGX:C07

2 stories mentioning SGX:C07Updated 18d ago

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Jardine Cycle & Carriage's Attributable Profit Down 2% in H1

Jardine Cycle & Carriage's (SGX:C07) attributable profit to shareholders fell by 2% in the first half to $363 million from $371 million a year earlier.Underlying earnings per share declined by 11% to $1.2 from $1.34, according to a Thursday filing with the Singapore Exchange.Revenue slumped 8% year over year to $9.99 billion from $10.8 billion.The company declared an interim cash dividend of $0.28 per share, unchanged from a year earlier.

SGX:C07

Asia101d ago

Market Chatter: Jardine Cycle & Carriage Mulls Sale of Dealership in Malaysia, Singapore

Jardine Cycle & Carriage (SGX:C07) is considering divesting its car dealership in Singapore and Malaysia, Bloomberg News reported on Friday, citing people familiar with the matter.The stock rose almost 1% in Friday's afternoon trade.The company has reached out to potential buyers, and a transaction could value the business at between $250 million and $350 million, according to the report.The dealership offers after-sales services for new and used vehicles across Malaysia and Singapore. Brands offered include Mercedes-Benz, Mitsubishi, Kia, Citroen, and Peugeot, the report said.Jardine Matheson did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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