Singapore Jardine C&C 2005 net profit down 14 pct


SINGAPORE, March 24 (Reuters) - Singapore automobile distributor Jardine Cycle & Carriage Ltd said on Friday its 2005 net profit fell 14 percent on declining sales in Indonesia. The company said full-year 2005 net profit fell to US$282 million, from US$329 million in 2004. Jardine C&C, part of Hong Kong's Jardine Strategic Holdings Ltd group, owns 50.1 percent of Indonesia's largest auto distributor, PT Astra International Tbk , and is also the distributor of Mercedes-Benz cars ...

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