Malaysia Sime says falling CPO prices will hit profits

Newswire

KUALA LUMPUR, Aug 26 (Reuters) - Malaysia's Sime Darby , the world's largest listed palm oil firm, will see its profits cut by 200 million ringgit ($59.01 million) for every 100 ringgit drop in crude palm oil prices, Chief Executive Ahmad Zubir Murshid said on Tuesday. (Reporting by Soo Ai Peng)

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