Sime Darby's Q4 profit more than halved from a year ago
It drops to RM571 million this Q4, compared to RM1.2 billion a year ago, due to weak industrial, logistic businesses
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Kuala Lumpur
MALAYSIA'S Sime Darby Bhd, the world's largest oil palm planter by land size, on Friday said its quarterly net profit more than halved from a year ago on weak performances at its industrial and logistics businesses.
The conglomerate, whose interests include plantations, properties and motors, saw a net profit of RM571 million (S$181 million) for the fourth quarter ended June, versus RM1.2 billion a year ago. Revenue came in at RM8.2 billion, versus RM7.7 billion.
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