Jardine Cycle & Carriage has reported earnings of US$998 million for its FY2025, up 5%. Revenue in the same period was down 4% to US$21.4 billion.
Underlying profit attributable to shareholders, which the company says is a more accurate reflection of business performance, is 1% to US$1.11 billion.
The company, whose key operating business is Jakarta-listed Astra, says it experienced "challenging" operating conditions.
Its Vietnam and Singapore businesses, on the other hand, posted improved earnings.
Overall earnings were supported by favourable forex, as well lower financing costs.
The company plans to pay a final dividend of 85 US cents per share, which brings its total FY2025 payout to US$1.13, one US cent more than what was paid for whole of FY2024.
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"Looking ahead, while Indonesia’s operating environment will remain challenging, consumer sentiment in the country may see a moderate recovery," says chairman Samuel Tsien.
"We expect Vietnam to continue to grow and Singapore to deliver resilient earnings," he says.
Tsien says the company remains focused on its longer-term objective of building a portfolio aimed at creating sustainable value and delivering strong total shareholder returns.
Jardine C&C shares closed at $35.36, down 0.17%.
