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Three Things To Know About Jardine Cycle & Carriage Ltd’s 2017 First-Half Results

Credit: Lali Masriera

Jardine Cycle & Carriage Ltd (SGX: C07) or Jardine C&C is one of the companies related to the web of Jardines companies which include Jardine Strategic Holdings Limited (SGX: J37), Hongkong Land Holdings Limited (SGX: H78), Dairy Farm International Holdings Ltd (SGX: D01), Mandarin Oriental Limited (SGX: M04) and Jardine Matheson Holdings Limited (SGX: J336).

On its own, JCC is a conglomerate with segments such as automotive, financial services, heavy equipment and mining, agribusiness, information technology, and infrastructure, logistics and others.

The company has recently reported its Q2 2017 result. In this article, we will look at three useful pieces of information from the announcement.

Overall result

Source: Q2 FY17 result presentation

As a whole, we see that Jardine C&C delivered an overall positive performance.

Breakdown of underlying profit

Source: Q2 FY17 result presentation

From the above, we see that the strongest performance was driven by Astra, offset by weaker performances across other businesses.

Outlook

As investors, we rely on many tools, including management’s forecast, to help us forecast near to medium-term expected performance.

As for Jardine C&C, this is what the company has to say:

“The outlook for the rest of the year is positive with Astra, although its results may be tempered by increasing competition in the car market and soft demand in the motorcycle market. The Group’s Direct Motor Interests and Other Interests will continue to face challenges.”

In short, we might expect the financial performance for the second half to be similar as the first half, with positive performance from Astra and, perhaps, a negative performance from Direct Motor Interests.

 

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of Dairy Farm International and Hongkong Land. Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in any companies mentioned.