Jardine Cycle & Carriage (SG:C07) has released an update.
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Jardine Cycle & Carriage’s subsidiary Astra faced a challenging first quarter in 2024 with a 5% drop in net earnings per share and decreased vehicle sales, amid a softer market and lower coal prices. Despite these headwinds, the company reported a stronger financial services sector and remains optimistic about Indonesia’s economic growth, supported by a robust financial foundation.
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