KUALA LUMPUR: Sime Darby Bhd
posted a net profit of RM633mil in the second quarter ended Dec 31, 2020, more than twice the net profit of RM282mil in the previous corresponding quarter due to a stake sale in Tesco Malaysia and improved contribution from the motors division.
Excluding the net gain of RM272mil from the sale of its 30% interest in Tesco Malaysia, the group's net profit in the quarter was 28% higher year-on-year (y-o-y).
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