Malaysia's Sime sees flat 2003 profits

Newswire

KUALA LUMPUR, May 29 (Reuters) - Malaysian conglomerate Sime Darby Bhd said on Thursday 2003 profits were expected to match last year's levels. "Results for the year will be about the same level achieved last year," group chief executive Nik Mohamed Nik Yaacob told a news conference. Sime recorded a net profit of 771.2 million ringgit ($202.9 million) last year. One of Asia's oldest conglomerates, Sime has diversified businesses spanning plantations, property development, tyre ...

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