Mohd Bakke: ‘We do not think the price will drop below RM2,500 per tonne at least for the next six months.’
KUALA LUMPUR: Sime Darby Bhd
recorded a 5.4% higher net profit to RM699mil for its third quarter ended March 31, while revenue jumped 21.6% to RM12.4bil, mainly on the back of higher crude palm oil (CPO) prices.
CPO prices averaged at RM3,088 per tonne during the quarter, a 40% jump from RM2,200 per tonne during the same period last year.
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