Jardine Cycle & Carriage Posts Improvements in January-September Earnings

MT Newswires11-11 12:25

Jardine Cycle & Carriage (SGX:C07) reported "resilient earnings", supported by earnings growth in its automotive and financial services businesses, even as its mining solutions and heavy equipment businesses showed weak performance during the first nine months of the year.

In Indonesia, its unit Astra saw a 1% decrease in net profit due to a weaker Indonesian rupiah, according to a Tuesday filing with the Singapore Exchange.

In Vietnam, THACO posted higher profits, mainly driven by its property business recording an increase in sales following the momentum from the last quarter of 2025. The earnings growth was lifted by a lower base in the first nine months of 2025, and is expected to moderate on a full-year basis.

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