Singapore Jardine C&C Q2 net profit up 2 pct

Newswire

SINGAPORE, July 26 (Reuters) - Singapore automobile distributor Jardine Cycle & Carriage Ltd said on Tuesday its second-quarter net profit rose 2 percent to US$83.3 million on the back of strong automobile sales in Indonesia. Jardine C&C, part of Hong Kong's Jardine Strategic Holdings Ltd group, owns 48 percent of Indonesia's largest auto distributor, PT Astra International Tbk , and is also the distributor of Mercedes-Benz cars and other brands in Singapore and Malaysia. Jardine ...

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