May 22, 2015 / 4:50 AM / 5 years ago

Malaysia's Sime Darby Q3 net profit drops 54.7 pct y/y

KUALA LUMPUR, May 22 (Reuters) - Sime Darby Bhd, the world’s biggest listed palm oil producer, announced on Friday a 54.7 percent drop in its third-quarter profit due to weak commodity prices.

Net profit for the January-March period slumped to 386.04 million ringgit ($107.65 million) from 852.53 million ringgit a year ago, Sime Darby said in a stock exchange filing. Revenue inched down 1 percent to 9.99 billion ringgit.

For the full filing, please click: bit.ly/1K7yRAD ($1 = 3.5860 ringgit) (Reporting By Yantoultra Ngui and Anuradha Raghu; Editing by Himani Sarkar)

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