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Accounting change sends Jardine C&C profits down by 36%
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Published Thu, Apr 26, 2018 · 09:50 PM
Singapore
JARDINE Cycle & Carriage (Jardine C&C) saw a first-quarter plunge in profits, no thanks to fair-value investment losses, according to financial statements released on Thursday.
Earnings fell to US$135.4 million for the three months to March 31, down by 36 per cent year on year, amid fair-value changes in its equity instrument investments.
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