Sime Darby bullish on industrial division ops


Group chief strategy officer Datuk Thomas Leong Yew Hong(pic) said the group expected the jump this year to be even higher

KUALA LUMPUR: The thriving mining sector in Australia, driven by the recovery in coal prices, is set to give Sime Darby Bhd a boost this year.

The group, which is involved in the provision of industrial equipment, servicing and repairs of heavy vehicles – among its other businesses in the Australian mining space – expects to see a significant jump in contribution from the sector this year.

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!

Business , Sime Darby , bullish , industrial , mining , Australia ,

   

Next In Business News

Ekuinas acquires 80% stake in pharma ingredients producer Symbiotica
LPI Capital expected to lead in fire class insurance market
MKHOP makes market debut with 1.6% premium
K-Konsult and Vimigo in investment collaboration
Plant in fire outbreak not Kossan unit
Capital A positive about higher returns this year
Bangkok airports set for US$4.8bil expansion
Property buyers shift towards affordable housing
Kucingko to be first animation studio to be listed
Tasco posts weak earnings due to international freight forwarding ops

Others Also Read