Sime to bank on plantations, energy


Sime Darby Bhd expects its plantation and energy divisions to lead earnings growth for the financial year ending June 30 – global uncertainties, including tensions in West Asia and concerns over terrorist attacks, notwithstanding. 

Group chief executive Tan Sri Nik Mohamed Yaacob said the plantation division – the bright spot for the group owing to strong crude palm oil (CPO) prices – and its new wholly-owned power plant, Laem Chabang Power Co Ltd in Thailand, would help the group weather the current difficult period. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Powering on data centres
Medical insurance premiums on the rise
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact

Others Also Read