Sime Darby Plantation Bhd group managing director Mohamad Helmy Othman Basha said: “Low commodity prices continue to impact the industry as well as Sime Plantation’s earnings."
KUALA LUMPUR: Sime Darby Plantation Bhd
reported net profit of RM27mil in the second quarter ended June 30,2019 as it was weighed down by weak crude palm oil (CPO) and palm kernel (PK) prices but partially cushioned by lower finance costs.
It announced on Friday the 10% decline in net profit from RM30mil a year ago was due to average CPO price realised declining by 15% on-year to RM2,021 per tonne from RM2,379. average PK price realised fell by 39% to RM1,020 per tonne from RM1,682.
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