Sime Darby to ride on industrial business


CGSI Research said the industrial division remained the group's bright spot.

PETALING JAYA: Sime Darby Bhd’s industrial business, especially in Australia, will continue to be the star performer amid the intensifying competition faced by the group in the motor segment.

The industrial division, which is a distributor for construction equipment maker Caterpillar, was a key contributor to Sime Darby’s strong bottom line in the financial year ended June 30, 2024 (FY24).

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