Jardine C&C 9M 2024 profits weighed down by weak car sales, currency

Singapore, Indonesia, and Vietnam all had reduced contributions.

SGX-listed Jardine Cycle & Carriage Limited (JC&C) reported weaker performance across its markets, resulting in a slight year-on-year decline in its 9M 2024 results.

In a bourse filing, the company said its results were particularly affected by its Vietnam and Indonesia markets due to the weaker Indonesian Rupiah and Vietnamese Dong.

Additionally, Astra in Indonesia recorded lower car sales,

Meanwhile, Singapore's profits declined due to reduced contributions from used car operations.

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Jardine Cycle & Carriage

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