SDP FY23 earnings ease to RM1.86bil

SDP said CPO demand is expected to remain steady in the longer term.

KUALA LUMPUR: Sime Darby Plantation Bhd’s (SDP) net profit eased by 25% to RM1.86bil in the financial year ended Dec 31, 2023 (FY23) from RM2.49bil in FY22.

This was mainly due to lower recurring profit before interest and tax (PBIT) and higher finance costs, partially mitigated by the higher non-recurring PBIT.