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.

5.5 PAYDAY OFFER: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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

TDM unit picks GPQ for Terengganu deal
CIMB Niaga 1Q profit before tax at 2.3 trillion rupiah
Pasdec names Mohammad Ikhwan as CEO
GD Properties: Local market prospects bright
Alpha IVF to open four new centres by end-2027
KPS acquires factory sites for RM45.5mil
IOIPG set for FBM KLCI inclusion
Genting opens New York casino, creates history
Jaycorp buys RE unit for RM15mil
Bursa posts RM73mil profit in first quarter

Others Also Read