Malaysia's Sime Q1 net profit up 3.7 pct

Newswire

KUALA LUMPUR, Nov 30 (Reuters) - Malaysian conglomerate Sime Darby said on Tuesday its quarterly profits rose just 3.7 percent despite relatively higher revenue. Sime, one of Asia's oldest conglomerates, posted a net profit of 261.8 million ringgit ($68.9 million) in its fiscal first-quarter to end-September, compared with 252.5 million ringgit in the same quarter a year earlier. Revenue rose 19.6 percent to 4.29 billion ringgit at Sime, which owns palm oil plantations and property, ...

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