10th Nov 2026 18:51
Jardine Matheson Holdings Ltd - Hong Kong-based diversified investment company - Says earnings were resilient in the first nine months of 2026, supported by growth in the automotive sector and in the financial services business, which increased 8% and 6%, respectively, in Indonesia. The mining solutions and heavy equipment businesses decreased 28%, excluding several non-recurring charges, due to weak sales at Martabe gold mining, which resumed operations only in the second quarter. Net profits fell 1% overall in Indonesia.
In Vietnam, Truong Hai Group Corp posted higher profit, driven by increased sales in its property business. Truong Hai Group Corp also achieved higher automotive sales volumes, but margins were lower due to competition. Jardine says it expects Truong Hai Group Corp earnings to moderate in the year. REE Corp saw higher earnings across most of its business.
By Camilla Borri, Alliance News reporter
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