Revenue in 1HFY2024 was down by 8% y-o-y to $10.7 billion. This was mainly due to lower sales from Astra’s automotive, heavy equipment and coal mining operations, as well as Cycle & Carriage Malaysia.
Jardine Cycle and Carriage (Jardine C&C) has posted an underlying profit of US$500 million ($669 million) for the 1HFY2024 ended June, down 14% y-o-y.
After accounting for non-trading items of US$17 million, which mainly comprised unrealised fair value losses related to non-current investments, the company’s profit attributable to shareholders was US$483 million, down 25% compared to US$648 million in the same period last year.
