Sime Darby Plantation posts 3Q earnings jump on higher CPO, PK prices

KUALA LUMPUR: Sime Darby Plantation Bhd's net earnings more than tripled in its recent financial quarter on the back of elevated crude palm oil (CPO) and palm kernel (PK) prices.

For the third quarter ended Sept 30, 2021, the plantation group recorded a net profit of RM610mil, which was more than three times the net earnings of RM190mil in 3QFY20.