Jardine C&C posts 16% jump in earnings to US$811m

Singapore

JARDINE Cycle & Carriage (Jardine C&C) on Thursday reported a 16 per cent jump in full-year earnings; its underlying profit attributable to shareholders rose to US$811 million for the year ended Dec 31, 2017, from US$702 million in 2016.

This was thanks in part to the group recording a net non-trading gain of US$23 million, which came mainly from investment property revaluations and net gains on disposal of interests in certain companies and investments, that were in turn partly offset by impairment charges.