UPDATE 1-Malaysia's Sime Darby Q2 net profit surges

Newswire

(Adds background on provisions, dividend) KUALA LUMPUR, Feb 28 (Reuters) - Malaysian conglomerate Sime Darby reported a seven-fold increase in second-quarter profit on Tuesday, as revenue grew 8 percent and the company put a series of costly provisions behind it. Sime, one of Asia's oldest conglomerates, posted a net profit of 207.6 million ringgit ($55.9 million) in the three months to Dec. 31 versus 27.8 million ringgit a year earlier. The older figure included more than 200 million ...

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