Increases At Sime
Malaysian conglomerate Sime Darby posted a 16 per cent rise in half year net profit and expects to see full year figures ahead of the previous year’s. However, Sime’s tyre division, DMIB Bhd posted a net loss of 5.8 million ringgit (1,758,000 Euro) against a previous year’s profit of 10 million ringgit (3,031,000 Euro). This, according to the company, was due to the closure of plants making golf balls and aircraft tyres which incurred substantial charges.