Jardine C&C underlying earnings fall by 20.7% in Q3

Singapore

REGIONAL auto dealer Jardine Cycle & Carriage (Jardine C&C) saw its third-quarter earnings slip on tough markets in Indonesia and Vietnam, according to results out on Wednesday.

Underlying net profit, which excludes non-trading items like investments, came in at US$206.7 million for the three months to Sept 30, down by 20.7 per cent year on year.

Meanwhile, revenue dipped by 1 per cent to US$4.75 billion, with the company noting "challenging conditio…