Malaysia's Sime Darby Q1 net profit up 2.2 pct

Newswire

KUALA LUMPUR, Nov 29 (Reuters) - Malaysian conglomerate Sime Darby reported a 2.2 percent rise in first-quarter profits on Tuesday, as gains at its auto, heavy-equipment and oil units were partly offset by lower oil-palm contributions. Sime, one of Asia's oldest conglomerates, posted a net profit of 267.6 million ringgit ($70.8 million) in the three months to end-September, versus 261.8 million ringgit a year earlier. Revenue rose about a fifth to 5.2 billion ringgit at Sime, which owns ...

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