- Jardine Cycle & Carriage has announced that underlying earnings per share fell 18% to 50.07 US¢ (from 61.34 US¢) for the first quarter of 2015.

Revenue fell to 4,020 US$m (from 4,672 US$m last time) and profit after tax was 386 US$m (down from 501 US$m).

Ben Keswick, Chairman said:

"The Group is facing greater challenges in Indonesia with lower levels of economic growth, depressed commodity markets and increased competition in the car sector, while a weaker rupiah exchange rate continues to reduce Astra's contribution. Nevertheless, our businesses remain at the forefront of their chosen markets and are underpinned by the strength of their balance sheets."

At 11:12am:

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