KUALA LUMPUR: Despite being hurt by lower crude palm oil (CPO) prices, Sime Darby Bhd
’s net profit for the fourth quarter ended June 30 rose 19% due to the disposal of its 50% stake in its healthcare assets.
The conglomerate posted RM1.31bil in earnings, which included a RM340mil one-off gain from the divestment of its healthcare business to Australia-based Ramsay Health Care Ltd and higher property sales.
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