BIMB Holdings Bhd’s earnings for the third quarter ended March 31, 2009 fell 68% to RM13.69 million from RM42.82 million a year ago, due to higher allowance of RM30 million for losses on financing.
Sime Darby Bhd's third quarter net profit was RM150.57 million compared with RM1.09 billion a year ago, due to lower average crude palm oil (CPO) prices and lower production and the group cautioned that its performance for the current FY would be lower that the previous year.
Announcing a set of weaker results on May 25, it said despite the group's lower performance, it would be satisfactory under the current market condition.
"Going forward, our order book until the end of calendar year 2009 is expected to remain strong," it said. The cyclically sensitive automobile and property markets have also begun to show improvement.
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