Jardine Cycle & Carriage reported lower contributions from most of its businesses during the first quarter of the year, according to a Wednesday filing with the Singapore Exchange.
The company's Indonesian unit, Astra, reported a decline in underlying profit, impacted by the weaker rupiah.
Vietnam-based unit THACO posted increased automotive sales volume, but the contribution was impacted by a weaker Vietnamese dong.
The Singapore business achieved a higher sales volume of new and used cars, while the Malaysian unit continued its transition into an agency model.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.