Sime Darby Plantation Registers 93 percent Increase in Net Profit for Nine Months Ended 31 March 2018 : Company Posts Net Profit of RM249 million for 3Q FY2017/2018
Kuala Lumpur, 31 May 2018 – Sime Darby Plantation Berhad (SD Plantation), the world’s largest producer of Certified Sustainable Palm Oil (CSPO), posted a profit before tax (PBT) of RM2,228 million and a net profit of RM1,697 million for the nine months ended 31 March 2018 (9M FY2018), representing an increase of 70 percent and 93 percent respectively compared with the previous corresponding period. The better performance was attributable to stronger overall fresh fruit bunches (FFB) production, lower finance costs and non-recurring gains.
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