UPDATE 1-Malaysia Sime Darby Q3 profit down 18 pct

Newswire

(Adds quotes, details) KUALA LUMPUR, May 29 (Reuters) - Malaysian conglomerate Sime Darby Bhd posted an 18 percent fall in third-quarter net profit on Thursday due to substantially lower contribution from its motor business, and warned of a tougher fourth quarter. Sime said net profit fell to 148.2 million ringgit ($39 million) in the three months to end-March 2003 from 181.4 million ringgit in the same 2002 period. Revenue rose three percent to 3.1 billion ringgit. Sime said full ...

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