Motor division helps drive Sime Darby’s record revenue of RM44.48b in FY21


Commenting on the motors division, Sime Darby group CEO Datuk Jeffri Salim Davidson said it was exceptional as demand for BMWs and its super-luxury marques have been extremely strong, especially in China.

KUALA LUMPUR: Sime Darby Bhd’s motor division’s exceptional performance in most markets underpinned its stellar performance as it posted a new high in revenue of RM44.48bil in the financial year ended June 30, 2021.

In a statement on Wednesday, it reported a 73.8% jump in net profit to RM1.42bil from RM820mil a year ago due to higher profits achieved on the back of the 20% increase in revenue from RM36.93bil in FY20.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

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!
   

Next In Business News

AmBank launches revamped AmOnline mobile banking
Pentamaster to prioritise sustainability
Kerjaya Prospek Property to jointly develop Batu Kawan land for proposed mixed development
Ringgit almost unchanged against greenback at the close
Malaysia to retain lead in Asia-Pacific Islamic banking market - S&P Global
Supermax buys remaining 33% stake in SHCI for RM18.96mil
Scientex to deploy large scale solar PV system at its facilities nationwide
Ahmad Maslan: RM180bil allocation available for projects in construction sector this year
MR D.I.Y. plans 180 new stores in 2024, targets 2,000 by 2028
Daniel Wong charged with abetting former MD of Multi-Code for securities fraud

Others Also Read