Sime Darby Reveals 3Q Net Profit Surges 41.7% to RM340 Million due to Stronger Performance from the Industrial Segment and UMW

Quick Summary:

KUALA LUMPUR, May 23 — Sime Darby Bhd’s net profit rose to RM340 million in the third quarter ended March 31, 2024 (3Q 2...

While revenue gained by 38.1 per cent to RM48.3 billion from RM35.0 billion.

It said the strong performance by the group’s Malaysia and Singapore operations helped to cushion the impact of low vehicle margins at the motors division’s China operations.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustraliaChinaSingapore

Topics: Umw Sime darby

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-23 @ 14:18:34 (1 months ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 315 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 21064353

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