Sime Darby Plantation Berhad (SDP) has dedicated a 400-hectare peatland in its operation in Sarawak, East Malaysia, for reforestation, opting not to replant oil palm but restore it into a functional peat ecosystem.
Sime Darby Plantation Berhad registered a net profit of RM1.2 billion in the third quarter of its financial year ending 31 December 2023 (3Q FY2023), a threefold increase from RM396 million recorded in 3Q FY2022. The quarter’s strong performance bolstered the Group’s net profits for the nine-month period ended 30 September 2023 (9M FY2023) to RM1.7 billion.
A memorandum of understanding (MOU) signed between Sime Darby Oils International Limited (SDO) and Guangxi Beibu Gulf International Port Group Ltd (BGP), underscores the companies’ intention to collaborate in three main areas
For the six months ended 30 June 2023 (1H FY2023), Sime Darby Plantation Berhad (SDP) registered a Profit Before Interest and Tax (PBIT) of RM830 million, a decline from the RM2,206 million recorded in the corresponding period. SDP registered a Net Profit for 1H FY2023 of RM449 million as compared to RM1,530 million recorded in 1H FY2022.