Jardine C&C hits Q3 bump amid Astra's challenges

JARDINE Cycle & Carriage (C&C) posted a 31 per cent decline in net profit amid stiff competition and high labour costs.

The auto distributor said yesterday that profit attributable to shareholders slid to US$222 million , or 62.41 US cents per share, for the three months ended September.

Excluding sales of investments and subsidiaries last year and this year, underlying net profit declined a more modest 18 per cent to US…