Sime Darby Bhd (SIME.KL)
9 Dec 2016
* Q1 profit rises 37 pct on motors unit strength (Adds CEO comments on IPOs)
KUALA LUMPUR, Nov 25 Malaysian conglomerate Sime Darby Berhad reported a 37 percent rise in first-quarter net profit as higher sales of vehicles at home and in Singapore boosted its motors unit and helped offset sluggishness in its plantation business.
* Volatility (owing to commodity prices and foreign exchange rates), uncertain market environment will remain a challenge for the group
KUALA LUMPUR, Nov 14 Malaysia's Sime Darby Bhd said it had explored potential asset listings as well as asset monetisation exercises, and added that the execution of these activities would depend on market conditions and valuations.
KUALA LUMPUR, Oct 5 Malaysian palm oil firm Sime Darby Bhd said on Wednesday its share placement to raise 2.36 billion ringgit ($570.81 million) was oversubscribed due to strong demand from institutional investors.
PANAJI, India, Sept 22 Palm oil prices are expected to remain firm until March as output reductions caused by the El Nino weather pattern have depleted inventories, a senior executive of Malaysia's Sime Darby Bhd said on Thursday.
KUALA LUMPUR, Aug 23 Malaysia's Sime Darby Bhd , the world's largest palm oil planter by land size, said its production of crude palm oil may take a 10 percent hit in its fiscal year 2017 on the back of a crop-damaging El Nino weather pattern.
KUALA LUMPUR, Aug 23 Malaysia's Sime Darby Bhd , the world's largest palm oil planter by land size, posted a 14 percent year-on-year rise in its quarterly net profit as higher average prices of the tropical oil led to gains in its plantation division.
DETROIT Faraday Future plans to begin testing prototype self-driving electric vehicles on California roads later this year after winning approval from the state, an industry source said on Tuesday.
DETROIT, June 21 Faraday Future plans to begin testing prototype self-driving electric vehicles on California roads later this year after winning approval from the state, an industry source said on Tuesday.