For the six-month period, the group’s underlying earnings (or underlying profit attributable to shareholders) grew by 12% y-o-y to US$583 million.
Jardine Cycle & Carriage (Jardine C&C) (SGX:C07
) reported earnings of US$648 million ($868 million) for the 1HFY2023 ended June, 33% higher than earnings of US$487 million in the corresponding period the year before.
The higher earnings were attributable to non-trading items which saw a profit of US$65 million compared to the US$35 million loss in the year before. Non-trading items are unrealised gains or losses from the revaluation of the group’s equity investments.
