Jardine Cycle & Carriage Reports Improvements in January-September Period

MT Newswires2025-11-10

Jardine Cycle & Carriage (SGX:C07) reported improvements across its businesses during the first nine months of the year, according to a Monday filing with the Singapore Exchange.

In Indonesia, Astra booked a decrease in its underlying profit due to a weaker Indonesian rupiah, which was offset by strong contributions from its financial services and agribusiness.

In Vietnam, THACO booked a higher volume of automotive sales, but its market share was impacted by a competitive market.

Meanwhile, Cycle & Carriage achieved higher profits, driven by higher sales of used cars.

Jardine Cycle & Carriage is 85% owned by Jardine Matheson (SGX:J36).

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