UPDATE 2-Malaysia Sime profit up on palmoil, H2 seen tougher

Newswire

(Adds quotes) KUALA LUMPUR, Feb 27 (Reuters) - Malaysia's Sime Darby Bhd reported on Thursday a 12 percent rise in half-year earnings on the back of firmer palm oil prices, but warned of a tougher second half. Although Sime said it was optimistic for the rest of the financial year, it warned that results might be hit by continuing pressure on margins of its motor vehicle distribution unit, greater competition for tyre products and a potential war in Iraq. Sime shares, suspended on ...

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