Jardine C&C’s H1 underlying profit drops 14%

Underlying earnings per share also dropped 14% to $1.70.

Jardine Cycle & Carriage (Jardine C&C) reported an underlying profit of $668m (US$500m) in H1 2024, down 14% from $779m (US$583m) in H1 2023.

The decline was due to softer consumer demand and lower commodity prices experienced by its businesses in Indonesia and Vietnam, as well as weaker domestic currencies against the US dollar.

After including non-trading items of $22.7m (US$17m), comprising unrealised fair value losses related to non-current investments, the company’s net profit was $645m (US$483m), down 25% from $914m (US$648m) a year ago.

Revenue for the period also dipped 8% to $14.2m (US$10.7m) from $15.5m (US$11.6m) a year ago.

Underlying earnings per share stood at $1.70 (US$1.27), reflecting a 14% decrease from $1.98 (US$1.48) in H1 2023.

Follow the link for more news on

Jardine Cycle & Carriage

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia