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Stronger earnings for Sime Plantation, div 7.9c

KUALA LUMPUR: Sime Darby Plantation Bhd posted stronger earnings in the second quarter ended June 30, 2021 at RM617mil due to higher realised crude palm oil (CPO) and palm kernel (PK) prices, as well as an increase in fresh fruit bunch (FFB) production. ....

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Malaysia's Sime Darby Plantation posts Q4 profit, optimistic for 2021

By Reuters Staff
2 Min Read
KUALA LUMPUR, Feb 18 (Reuters) - Malaysia’s Sime Darby Plantation flipped to a profit in the fourth quarter and is optimistic for a good performance this year as crude palm oil prices are expected to rise, it said in a stock exchange filing on Thursday.
The world’s largest palm oil planter by land size posted a net profit of 149 million ringgit ($36.91 million) for the Oct-Dec period, versus a net loss of 58 million ringgit in the year earlier quarter.
Revenue rose 8% to 3.64 billion ringgit.
The company said continuing operations showed improved recurring profit before interest and tax, while discontinued operations recorded an impairment loss of 236 million ringgit in a joint venture. ....

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Biggest clients spare Sime Darby Plantation despite US sanctions

KUALA LUMPUR (Jan 21): Sime Darby Plantation Bhd’s (SDP) biggest customers have not taken a blanket decision to ban its palm oil and palm oil products following the United States sanctions over forced labour allegations in the production process.
While keeping a lid on its biggest clients, Sime Darby Oils Sdn Bhd managing director Mohd Haris Mohd Arshad said they have given the company ample time to resolve the issue with the condition to keep them apprised.
“They did not make a blanket decision to ban products by SDP, for me, it is a big relief,” he told local business radio station BFM this morning. ....

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