Sime Darby Berhad Reports Strong Q3 FY2024 Net Profit of RM340 million

Sime Darby Berhad reported a net profit of RM340 million for the Group’s third quarter ended 31 March 2024 (Q3 FY2024), 41.7 per cent higher compared to the same quarter last year. This was achieved on the back of an increased revenue to RM18.8 billion, up by 63.4 per cent compared with RM11.5 billion in Q3 FY2023.  

 

Sime Darby Berhad Completes Full Acquisition of UMW Holdings

Sime Darby Berhad announced today that it has successfully completed its acquisition of UMW Holdings Berhad (UMW), achieving 100% stake in UMW. As a result, UMW is now a wholly-owned subsidiary of Sime Darby Berhad.

Reduce, Reuse, Recycle: Small Actions Making Big Impacts

The principles of reduce, reuse, and recycle (the 3Rs) offer a pathway to sustainability practices in a world facing environmental challenges. Adopting these principles enables us to minimise waste and contribute to a circular economy. By implementing the 3Rs, we can all play a vital role in mitigating climate change and fostering a more sustainable future.

Sime Darby Berhad Delivers Q2 FY2024 Net Profit of RM2.3 billion

Sime Darby Berhad reported a net profit of RM2.3 billion for the Group’s second quarter ended 31 December 2023 (Q2 FY2024). The Group’s revenue for the quarter was 37.7 per cent higher at RM15.5 billion, compared with RM11.3 billion in Q2 FY2023.

The significant jump in net profit was largely attributed to the RM2.0 billion gain on the disposal of Ramsay Sime Darby Health Care (RSDH) in December 2023. Core net profit for the quarter, excluding the gain on disposal amounted to RM269 million, a 7.2 per cent improvement from the corresponding quarter last year. 

Sime Darby Berhad Delivers Another Strong Quarter

Reports More than 100% Jump in Profit in Q1 FY2024 to RM589 million 

Sime Darby Berhad reported a higher net profit of RM589 million for the Group’s first quarter ended 30 September 2023 (Q1 FY2024). This was primarily driven by its effective business strategy, which saw the Industrial division significantly rebound in the quarter under review compared to the corresponding quarter in FY2023.

The Group’s revenue for Q1 FY2024 was 14.8 per cent higher at RM13.98 billion, compared with RM12.18 billion in Q1 FY2023.

Sime Darby Receives Shareholder Support to Acquire UMW

Sime Darby Berhad (“Sime Darby”) held an Extraordinary General Meeting (“EGM”) today, to seek its shareholders’ approval on the company’s proposal to acquire Permodalan Nasional Berhad’s ("PNB") 61.2% stake in UMW Holdings Berhad (“UMW”) and thereafter to launch a mandatory general offer (“MGO”) to acquire the remaining UMW shares not owned.

At the EGM, shareholders voted to approve the proposed resolution which allows Sime Darby to move forward with the strategic acquisition.

Lim Mun Qwan's Journey with Sime Darby

Lim Mun Qwan began her journey with Sime Darby as a recipient of a Yayasan Sime Darby Scholarship award in 2012. “I am very lucky as I have had the opportunity to experience different roles in Sime Darby," she shares. From being a marketer for Sime Darby Industrial Sdn. Bhd. to an auditor and risk specialist for the Group in China, her journey has been marked by diverse experiences that have widened her horizons, expanded her perspectives and helped her develop valuable skills and strengths.

Q&A with Sime Darby Berhad's Group Chief Financial Officer, Mustamir Mohamad

In this short Q&A with our leadership team, get to know our Group Chief Financial Officer, Mustamir Mohamad and learn about his experience during one of the biggest M&As in the Group’s history. 

Q: Can you tell us a little bit about your background and your experience in Sime Darby? 

Sime Darby Berhad Reports Higher Full-Year Net Profit of RM1.46 billion for FY2023

Group’s Q4 Net Profit Up 124% to RM622 million

Sime Darby Berhad reported a 32.2% jump in net profit for the financial year ended 30 June 2023 (FY2023) at RM1.46 billion compared with RM1.1 billion in the financial year ended 30 June 2022 (FY2022).

Net profit was higher mainly due to improved results from Industrial division’s Australasia operations, strong performance from the Motors business in Malaysia, and a gain on the disposal of properties in Hong Kong.

The Group reported revenue of RM48.3 billion in FY2023, a 13.6% increase from FY2022.

Sime Darby to Acquire UMW

Deal Will Cement Group's Position as Malaysia's Leading Automotive Player

Sime Darby Berhad (“Sime Darby”) today announced that it has entered into a conditional share purchase agreement (“SPA”) with Permodalan Nasional Berhad (“PNB”) to acquire PNB’s 61.2% stake in UMW Holdings Berhad (“UMW”), a well-established conglomerate with a diverse portfolio of businesses including automotive, equipment, aerospace and manufacturing & engineering (M&E) segments.