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Jardine C&C's 9M earnings nearly double to US$729 mil, but underlying earnings down 9% to US$614 mil

Samantha Chiew
Samantha Chiew11/7/2019 4:44 PM GMT+08  • 3 min read
Jardine C&C's 9M earnings nearly double to US$729 mil, but underlying earnings down 9% to US$614 mil
SINGAPORE (Nov 7): Jardine Cycle & Carriage (JC&C), a holding company of Jardine Matheson, announced that its earnings have nearly doubled to US$729 million ($991 million) for the 9M19 ended September, from US$374 million in 9M18.
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SINGAPORE (Nov 7): Jardine Cycle & Carriage (JC&C), a holding company of Jardine Matheson, announced that its earnings have nearly doubled to US$729 million ($991 million) for the 9M19 ended September, from US$374 million in 9M18.

However, the surge was mainly due to net non-trading gains of US$115 million from unrealised fair value gains related to non-current investments. For the same period last year, there were net non-trading losses of US$300 million from unrealised fair value losses on these investments.

Stripping the effect of these non-trading items, the group’s underlying earnings for 9M19 were 9% lower at US$614 million, compared to US$674 million in the previous year.

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