While Astra's financial services, agribusiness and infrastructure units saw improved performance, its automotive & mobility, and heavy equipment and mining businesses reported lower earnings.
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.
