Jardine Cycle & Carriage (SG:C07) has released an update.
Jardine Cycle & Carriage Limited reported mixed financial results for Q1 2024, with a decrease in underlying profit and softer trading conditions in Indonesia and Vietnam. While the financial services division improved and agribusiness earnings were bolstered by higher sales of crude palm oil, the heavy equipment and mining division suffered from lower coal prices. The company anticipates global economic challenges ahead but remains confident in the long-term growth of its diverse portfolio.
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