Jardine C&C posts FY16 profit of US$702m, bolstered by Astra

Singapore

CONGLOMERATE Jardine Cycle & Carriage saw a net profit of US$702 million for FY16, up from US$691 million in the year prior.

Profit for the full year under review included a net non-trading profit of US$23 million from the gain of the sale of a property and investment property valuations. In comparison, 2015's bottom line included a net non-trading gain of US$59 million.