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Jardine C&C Q3 gain down on fair-value losses

3% drop came after recognition of fair-value losses amounting to US$60.3 million, on the adoption of new IFRS 9 accounting standards

Claudia Chong

Claudia Chong

Published Wed, Nov 7, 2018 · 09:50 PM
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Singapore

JARDINE Cycle & Carriage (Jardine C&C) on Wednesday posted a 3 per cent dip in net profit to US$200.9 million for the third quarter ended Sept 30.

The drop in earnings came after recognition of fair-value losses amounting to US$60.3 million, on the adoption of the new IFRS 9 accounting standards. The changes in fair value of the group's inve…

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