KUALA LUMPUR (Feb 29): SIME DARBY BHD [] posted net profit of RM1.1 billion in the second quarter ended Dec 31, 2011, which was 25.5% above the RM877.06 million a year ago.
It said on Wednesday its revenue increased by 13.9% to RM11.39 billion from RM9.993 billion while earnings per share were 18.32 sen compared with 14.60 sen.
For the first half, it reported a 42% increase in net profit to RM2.175 billion from RM1.531 billion in the previous corresponding period. Its revenue showed a 20.2% increase to RM22.45 billion from RM18.668 billion.
As for its profit before tax, it recorded a 39.9% increase in profit before tax of RM3.089 billion as compared to the previous year’s profit of RM2.207 billion.
“This was achieved on the back of higher revenue which rose by 20.3% to RM22.5 billion from RM18.7 billion previously. All divisions recorded higher contributions with net earnings registering a 42.0% increase over the previous year,” said Sime Darby.
Commenting on the various segments of its businesses, it said the PLANTATION []s’ operating profit rose 38% to RM1.8 billion due to higher realised crude palm oil (CPO) prices and operational efficiency improvements.
The industrial division benefited from the robust activity in the mining, logging and CONSTRUCTION [] sectors in Australia and Malaysia, which saw its operating profit increase 38% to RM628 million.
As for the motors division, it said the Malaysia and China operations continued to be the main forces behind the unit’s resilient performance which saw its operating profit rising 11% from RM277 million to RM308 million.
The property division showed a significant increase of 46 percent in its operating profit to RM193 million.
The energy & utilities Division’s operating profit grew by 127 percent in the first half of the year due to the recognition of deferred revenue of RM99 million from the Malaysia power plant.
The healthcare division posted a higher operating profit of RM14 million, a 7% increase over the previous corresponding half.
It said on Wednesday its revenue increased by 13.9% to RM11.39 billion from RM9.993 billion while earnings per share were 18.32 sen compared with 14.60 sen.
For the first half, it reported a 42% increase in net profit to RM2.175 billion from RM1.531 billion in the previous corresponding period. Its revenue showed a 20.2% increase to RM22.45 billion from RM18.668 billion.
As for its profit before tax, it recorded a 39.9% increase in profit before tax of RM3.089 billion as compared to the previous year’s profit of RM2.207 billion.
“This was achieved on the back of higher revenue which rose by 20.3% to RM22.5 billion from RM18.7 billion previously. All divisions recorded higher contributions with net earnings registering a 42.0% increase over the previous year,” said Sime Darby.
Commenting on the various segments of its businesses, it said the PLANTATION []s’ operating profit rose 38% to RM1.8 billion due to higher realised crude palm oil (CPO) prices and operational efficiency improvements.
The industrial division benefited from the robust activity in the mining, logging and CONSTRUCTION [] sectors in Australia and Malaysia, which saw its operating profit increase 38% to RM628 million.
As for the motors division, it said the Malaysia and China operations continued to be the main forces behind the unit’s resilient performance which saw its operating profit rising 11% from RM277 million to RM308 million.
The property division showed a significant increase of 46 percent in its operating profit to RM193 million.
The energy & utilities Division’s operating profit grew by 127 percent in the first half of the year due to the recognition of deferred revenue of RM99 million from the Malaysia power plant.
The healthcare division posted a higher operating profit of RM14 million, a 7% increase over the previous corresponding half.
