Cycle & Carriage H1 profit sharply higher


SINGAPORE, July 31 (Reuters) - Cycle & Carriage Ltd, one of the largest automotive groups in Asia, on Wednesday posted a 376 percent rise in first-half net profit to S$121.8 million ($69.2 million) due to foreign exchange gains at its Indonesian unit. C&C, which owns 32 percent of Indonesian auto maker PT Astra International Tbk and runs car distribution and dealership operations, said the value of the rupiah would continue to have a major influence on Astra and group profit. ...

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