Brief: Jardine Cycle & Carriage Says Group April Performance Adversely Impacted Due to Covid-19

Jardine Cycle & Carriage

27/04/2020 11:00

April 27 (Reuters) - Jardine Cycle & Carriage Ltd  JCYC.SI :
    * JARDINE CYCLE & CARRIAGE-IN SINGAPORE, SAW LOWER Q1 SALES
DUE TO
REDUCTION IN MARKET SIZE & WEAK CONSUMER SENTIMENT (ADDS PERIOD)
    * JARDINE CYCLE & CARRIAGE LTD-IN VIETNAM, THACO'S
AUTOMOTIVE UNIT
Q1 SALES, MARGINS PARTICULARLY IN PASSENGER CAR SEGMENT FELL 
    * JARDINE CYCLE & CARRIAGE LTD-Q1 SALES OF CYCLE & CARRIAGE
BINTANG IN MALAYSIA SIMILARLY AFFECTED 
    * JARDINE CYCLE & CARRIAGE LTD - IMPACT OF COVID-19 &
MEASURES TO
CONTAIN IT ON GROUP'S BUSINESSES INCREASED SIGNIFICANTLY IN
APRIL
    * JARDINE CYCLE & CARRIAGE-CONSUMER SENTIMENT EXPECTED TO
REMAIN
WEAK FOR SOME TIME AND GROUP'S PERFORMANCE IN QUARTER WILL BE
SIGNIFICANTLY IMPACTED
    * JARDINE CYCLE & CARRIAGE LTD - OVERALL PERFORMANCE
DECLINED IN
Q1 OF YEAR
    * JARDINE CYCLE & CARRIAGE-GROUP APRIL PERFORMANCE ADVERSELY
IMPACTED DUE TO COVID-19

Source text for Eikon:  ID:nSN99JVBJ 
Further company coverage:  JCYC.SI 

 ((Reuters.Briefs@thomsonreuters.com;))