Jardine C&C reports higher profits for FY16
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Nisha Ramchandani
Published Mon, Feb 27, 2017 · 10:35 AM
JARDINE Cycle & Carriage saw a net profit of US$702 million for FY2016, up from US$691 million in the year prior.
The bottom line for FY16 was boosted in part by a net non-trading profit of US$23 million stemming from a gain from the sale of a property and investment property valuations.
Underlying profit improved 7 per cent to US$679 million, underpinned by contributions from subsidiary Astra.
Revenue was flat at US$15.76 billion while earnings per share fell 3 per cent to 178 US cents.
The board is recommending a final dividend of 56 US cents per share, up from 51 US cents a year ago.
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