KUALA LUMPUR: Sime Darby Property Bhd posted lower net profit of RM14.20mil in the first quarter ended March 31,2020, down by 94.7% from the RM265.07mil a year ago in the absence of a one-off gain.
Sime Property, which is bracing for a difficult year due to the impact from the Covid-19 pandemic, said on Thursday its revenue fell by 17.1% to RM476.7mil from RM575.13mil.
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