GREATER contributions from its more than 50 per cent stake in Indonesian conglomerate Astra International lifted results for Jardine Cycle & Carriage in its full financial year.For the 12 months ended Dec 31, revenue increased 9.5 per cent to US$18.99 billion from the year-ago period. The expansion in revenue was due to revenue growth in most of Astra's businesses, it said. These included Astra's heavy equipment, mining, construction and energy, and financial services businesses.
However, the group did also account for net non-trading losses of US$438 million, principally unrealised fair-value losses related to non-current investments that arose from a new accounting standard.
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