Jardine Cycle & Carriage (JC&C) says that it has recorded lower contributions from most of its businesses for the first three months of 2025, in its interim management statement on Apr 30.
In Indonesia, Astra reported a decrease in underlying profit, excluding fair value adjustments from its equity investments. Its contribution to JC&C was further impacted by the weaker Indonesian rupiah.
While Astra's financial services, agribusiness and infrastructure units saw improved performance, its automotive & mobility, and heavy equipment and mining businesses reported lower earnings.
In Vietnam, THACO reported an increase in automotive sales volume, but its contribution to JC&C was impacted by the weaker Vietnamese Dong.
In Singapore, JC&C achieved higher sales volume of new and used cars.
Cycle & Carriage in Malaysia continued to transition into the agency model.
See also: Elite UK REIT reports DPU of 0.76 pence for 1QFY2025, up 9.6% y-o-y
Shares in Jardine Cycle & Carriageclosed 1 cent higher or 0.039% up at $25.93 on Apr 30.
