KUALA LUMPUR: Sime Darby Bhd’s net profit jumped 78.5 per cent to RM1.09 billion in the first six months ended Dec 31 2016 from RM609 million a year ago. Group revenue increased two per cent to RM22.44 billion from RM22 billion, Sime Darby said in a filing to Bursa Malaysia today. Its net profit for the second quarter more than double to RM644 million from RM285 million previously on a stronger performance from its plantations segment. Sime Darby declared a dividend of 6 sen per share, payable on May 5. The Battersea project, in which Sime Darby has a 40 per cent stake, recognised its maiden profit from the completion of two residential block units under Phase 1.

Source: New Strait Times February 27, 2017 06:56 UTC