Sime Darby Quarter Ended 31st December 2008
Sime Darby Berhad reported a pre-tax profit of RM1.7 billion for the 1H FY08/09, a reduction of 24% over the same period during the last financial year.
The Group revenue declined by 2% to RM16 billion while net profit after tax and minority interests decreased 18% to RM1.15 billion, as compared to 1H FY07/08.
The decline in profit was mainly attributable to the Plantation Division, which recorded a decrease of 28% in operating profits compared to the same period last year, as a result of the decline in the average selling price of crude palm oil (CPO).
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