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Sime Darby's Q2 profit soars on higher palm oil prices

As Sime's plantations segment revenue of RM568 million for the second quarter was more than four times that of property, its second highest segment, plantations remain its jewel in the crown.

Kuala Lumpur

MALAYSIAN conglomerate Sime Darby, which is proposing to carve out its plantations and property units into separate standalone listed entities, registered a 126 per cent jump in net profit to RM644 million (S$203.5 million) for the second quarter to end- December, with the...

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