StockMarketWire.com - Jardine Cycle & Carriage posts after-tax profits of US$1,498m for the year to the end of December - up from a restated $1,287m in 2015.

The group's revenue for 2016 was US$15.8bn, little changed from the prior year.

Underlying profit attributable to shareholders was 7% higher at US$679m.

Profit attributable to shareholders was US$702 million after accounting for a net non-trading profit of US$23 million, due to a gain on sale of a property and investment property valuations.

This compares to profit attributable to shareholders in 2015 of US$691 million, which included a net non-trading gain of US$59 million.

Chairman Ben Keswick said: "The outlook for 2017 appears positive as Astra should benefit from improving economic conditions in Indonesia and higher coal prices, while the Group's Direct Motor Interests and Other Interests are expected to perform satisfactorily."

Jardine Cycle & Carriage is a 75%-owned subsidiary of Jardine Strategic Holdings.

At 9:59am:



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