KUALA LUMPUR: Sime Darby Bhd yesterday denied an allegation made in a blog that the conglomerate had been hit by cost overruns of RM800mil on an oil and gas engineering project in Qatar.
President and group chief executive Datuk Seri Ahmad Zubir Murshid said: “There’s no such thing as the RM800mil losses. In our last quarterly results, we had not stated any (such overruns). Whatever provisions needed, we had already made in the previous quarter, and that stands until today.”
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