Malaysia's Sime full-yr profit rise beats forecasts


KUALA LUMPUR, Aug 27 (Reuters) - Diversified Malaysian conglomerate Sime Darby landed results ahead of market forecasts on Tuesday, posting a 24 percent net profit increase to 771 million ringgit ($203 million) in the year to June 30. The figure trumped the 728 million ringgit net predicted by Multex Global Estimate, helped by better-than-expected contributions from its property and car distribution arms as well as continued buoyancy in crude palm oil prices. One of Asia's oldest ...

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