Sime Darby Shares Rise On FY2025 Results Despite Lower Profit
KUALA LUMPUR, Aug 28 (Bernama) – Sime Darby Bhd’s shares rose in early trade today after the group announced its financial results for the financial year ended June 30, 2025 (FY2025).
At 10 am, the counter gained 13 sen to RM2.03, with 33.39 million shares changing hands.
In a Bursa Malaysia filing yesterday, the conglomerate reported a lower net profit of RM2.06 billion for FY2025, down 37.7 per cent from RM3.31 billion in the previous year. It had a one-off RM2 billion gain from the disposal of its healthcare business in FY2024.
Revenue improved by 4.4 per cent to RM70.06 billion from RM67.13 billion previously.
Group chief executive officer Datuk Jeffri Salim Davidson said Sime Darby has adopted proactive measures to optimise inventory, reduce costs, streamline operations, improve operating cash flow and strengthen its balance sheet in view of a more challenging business environment.
“While there continue to be headwinds, we are in a solid position to maintain our strong market position and drive sustainable growth of the group,” he added.
-- BERNAMA