Malaysia's Sime Darby Q4 profit down 18.6 pct

Newswire

KUALA LUMPUR, Aug 28 (Reuters) - Malaysian conglomerate Sime Darby reported an 18.6 percent drop in fourth-quarter profit on Tuesday, hit by lower contributions from its auto, energy and utilities divisions. Sime, whose businesses range from engineering and utilities to autos and plantations, posted a net profit of 326.9 million Malaysian ringgit ($93.61 million) in the three months ended June 30, compared with 402 million ringgit a year earlier. Shares of Sime, Malaysia's ninth-largest ...

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