Stable JC&C profit seen in 2025 as non-Astra gains balance weaker Astra
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Jardine Cycle & Carriage (JC&C) anticipates its full-year underlying profit for 2025 to be similar to 2024, bolstered by gains from non-Astra businesses and translation gains. Astra International's profit has declined due to lower coal prices and a weaker Rupiah, with car market share dropping to 53%. Financial services and agribusiness sectors showed growth. Recent transactions include acquiring stakes in Mega Manunggal Property and Hermina Hospital. In Vietnam, THACO's vehicle sales rose, and JC&C's regional unit saw profit increases from used car sales and electric bus deliveries.
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