Sime Darby Reports Pre-tax Profit of RM1.3 Billion for 1Q FY08/09Sime Darby Reports Pre-tax Profit of RM1.3 Billion for 1Q FY08/09Sime Darby Reports Pre-tax Profit of RM1.3 Billion for 1Q FY08/09Sime Darby Reports Pre-tax Profit of RM1.3 Billion for 1Q FY08/09
  • Who We Are
    • About Us
    • Sime Darby Plantation Worldwide
    • Our Journey
    • Our Products
    • Our Leaders
    • Our Awards and Recognitions
    • Corporate Governance
  • What We Do
    • Our Strategy
    • Our Businesses
  • Innovation
    • Overview
    • GenomeSelect™
    • Precision Agriculture
    • Automating Plantations
    • Eco-Solutions
    • Food Science
    • Innovation Challenge
  • Sustainability
    • Overview
    • Climate Action
    • Human Rights
    • Responsible Sourcing
    • Reports, Policies and Statements
  • Our People
    • Growing Together
    • Opportunities
    • What Do Our People Say?
    • Connect With Us
  • Investor Relations
    • Overview
    • Stock and Shareholder Information
    • Financial Information
    • Operational Information
    • Investor Resources
    • Analyst Coverage
    • ESG Index and Credit Ratings
    • Bursa Announcements
    • Annual Reports and Presentations
Procurement
#SDPnetzero

Sime Darby Reports Pre-tax Profit of RM1.3 Billion for 1Q FY08/09

  • Home
  • Press Releases and Public Updates
  • Sime Darby Reports Pre-tax Profit of RM1.3 Billion for 1Q FY08/09
28 November 2008

Sime Darby Reports Pre-tax Profit of RM1.3 Billion for 1Q FY08/09

KUALA LUMPUR, 28 November 2008 - Sime Darby Berhad reported a pre-tax profit of RM1.3 billion for the Q1 FY08/09, an increase of 23 per cent over the same period during the last financial year.

The Group recorded a net profit after tax and minority interest of RM867 million, an increase of 44 per cent compared to Q1 FY07/08.

This improved performance in the quarter under review was due in large part to the strong showing of the Plantation Division. The division registered a 39 per cent increase in operating profit to RM968 million on the back of higher crude palm oil prices compared to Q1 FY07/08.

In addition, the Industrial Division also recorded an increase in operating profit of 39 per cent to RM247 million due to the stronger performance of the South East Asian and Australasian operations.

The Property Division’s operating profit however, declined by 30 per cent to RM58 million as the sector continues to experience a more challenging business environment.

Commenting on the results, Dato' Seri Ahmad Zubir Murshid, President & Group Chief Executive of Sime Darby, said: “Although we are pleased with the Q1 results, we are aware that going forward, global economic growth is expected to weaken significantly. Hence, FY08/09 will be a very challenging year for Sime Darby especially for the plantation, property and motors divisions. Nevertheless, Sime Darby’s portfolio of stable cash flow assets as well as growth businesses provides the right balance for the Group to weather the full impact of the economic down cycle.’’

Dato' Seri Ahmad Zubir noted that in these challenging times, managing costs will also be critical particularly in the Plantation Division. As such, Sime Darby has embarked on a cost savings initiative which includes consolidating its support services and reprioritising spending on non-essentials.

On the flip side, the more challenging economic environment will provide Sime Darby with significant investment opportunities. “There will be once in a life time opportunities to acquire undervalued assets particularly with our strong balance sheet. In addition, the economic downturn will also provide an excellent opportunity for us to acquire human resource talent,” he said.

Share

Related posts

3 February 2023

Sime Darby Plantation’s palm oil exports to United States given greenlight after review by US Customs


Read more
8 December 2022

Sime Darby Plantation announces 2050 net-zero commitment with clear roadmap


Read more
29 November 2022

Sime Darby Plantation, Intan Hebat Baru and Wild Asia Join Forces to Raise Palm Oil Small Producers’ Standards


Read more
WHO WE ARE

About Us
Sime Darby Plantation Worldwide
Our Journey
Our Products
Our Leaders
Our Awards and Recognitions
Corporate Governance

INNOVATION

Overview
GenomeSelect™
Precision Agriculture
Automating Plantations
Eco-Solutions
Food Science
Innovation Challenge

SUSTAINABILITY

Overview
Climate Action
Human Rights
Responsible Sourcing
Reports, Policies and Statements

INVESTOR RELATIONS

Overview
Stock and Shareholder Information
Financial Information
Operational Information
Investor Resources
Analyst Coverage
ESG Index and Credit Ratings
Bursa Announcements
Annual Reports and Presentations

WHAT WE DO

Our Strategy
Our Businesses

Web Design Company

MEDIA

Press Releases and Public Updates
Resource Centre
Notices

OUR PEOPLE

Growing Together
Opportunities
What Do Our People Say?
Connect With Us

CONTACT US

© Copyright Sime Darby Plantation Berhad.
All Rights Reserved.

Terms of Use Important Notice Personal Data Protection Act 2010

    #SDPnetzero



      This website uses cookies in order to offer you the most relevant information. Please accept cookies for optimal performance.

      Read More



      Accept

      Ignore


      Manage consent

      Privacy Overview

      This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
      Necessary
      Always Enabled
      Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
      CookieDurationDescription
      cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
      cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
      cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
      cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
      cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
      viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
      Functional
      Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
      Performance
      Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
      Analytics
      Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
      Advertisement
      Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
      Others
      Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
      SAVE & ACCEPT
    • How we use Cookies

      A cookie is a small file which asks permission to be placed on your computer’s hard drive. Once you agree, the file is added and the cookie helps analyse web traffic or lets you know when you visit a particular site. Cookies allow web applications to respond to you as an individual. The web application can tailor its operations to your needs, likes and dislikes by gathering and remembering information about your preferences.

      We use traffic log cookies to identify which pages are being used. This helps us analyse data about web page traffic and improve our website in order to tailor it to customer needs. We only use this information for statistical analysis purposes and then the data is removed from the system.

      A cookie in no way gives us access to your computer or any information about you, other than the data you choose to share with us.

      You can choose to accept or decline cookies. Most web browsers automatically accept cookies, but you can usually modify your browser setting to decline cookies if you prefer. This may prevent you from taking full advantage of the website.