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Profits triple at Malaysia's palm oil company Sime Darby

Fri, Nov 17, 2017 - 5:50 AM

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The company says plans are on track to spin off and list its property and plantations businesses by end-2017 after some restructuring.

Kuala Lumpur

MALAYSIA'S Sime Darby Bhd, the world's largest oil palm planter by land size, on Thursday said its first-quarter net profit increased over 150 per cent versus a year ago, buoyed by increased production and by the sale of some assets.

The conglomerate, whose interests...

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