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.