Sime Darby Quarter Ended 31st March 2008
Sime Darby Berhad’s pre-tax profit surged 113% in the quarter ended 31 March 2008, pushing the group’s pre-tax profit for the first three quarters to RM3.8 billion.
For the first three quarters of the year, the Group's solid performance was mainly due to the strong showing of the Plantation Division. The Plantation Division registered an increase in operating profit of 148% to RM2.8 billion during the three quarters, driven by better production yield, merger synergies and continued strong CPO prices. The Motors Division maintained its turnaround momentum with operating profit of RM182 million, as compared to RM21 million last year.
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