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FINWIRES

Sime Darby's Profit Slumps 58% in Fiscal Q4

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Sime Darby (KLSE:SIME) said profit attributable to owners plunged 58% to 322 million ringgit in the fiscal fourth quarter ended June 30 from 763 million ringgit a year earlier.

Earnings per share dropped to 0.048 ringgit from 0.1120 ringgit a year ago, according to a Wednesday Malaysian bourse filing.

Revenue also dropped 6% to 16.7 billion ringgit from 17.8 billion ringgit a year prior, the Malaysian conglomerate said.

The board declared a dividend of 0.11 ringgit per share for the financial year ended June 30, payable on Sept. 30.

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