During the period, Astra recorded lower car sales due to a subdued wholesale car market, while its financial services division recorded higher earnings on larger loan portfolios.
Jardine Cycle and Carriage (Jardine C&C) says its performance for the 3QFY2024 ended September was “down slightly” from the same period last year.
Astra, the group’s 50.1%-owned subsidiary in Indonesia, reported an increase in underlying profits, excluding fair value adjustments from its equity investments. However, its contribution to JC&C was impacted by the weaker Indonesian rupiah.
