UPDATE 2-Malaysia's Sime Darby Q1 profit up 17 pct

Newswire

(Adds quotes) By Syed Azman KUALA LUMPUR, Nov 26 (Reuters) - Malaysia's Sime Darby Bhd, one of Asia's oldest conglomerates, reported on Tuesday that higher palm oil prices helped first quarter earnings rise 17 percent from a year ago, but warned of tougher times ahead. Sime has diversified businesses spanning plantations, property, tyre manufacturing, power generation, and car distribution for Ford and BMW in Malaysia, Hong Kong and Singapore, and Nissan in China. Net profit rose to ...

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