Sime Darby Plantation announced a fourth-quarter net profit of RM350 million, significantly exceeding market expectations, primarily due to higher crude palm oil prices and effective cost control. Following this positive news, the company's share price rose 3.1% today, reflecting investor confidence in its performance and outlook.
Sime Darby Plantation Bhd today reported encouraging fourth-quarter financial results, with a net profit of RM350 million, significantly exceeding analysts' consensus estimate of RM280 million. This robust performance was primarily attributed to higher crude palm oil (CPO) prices during the reporting period, coupled with the company's effective measures in controlling operational costs. Boosted by this positive news, Sime Darby Plantation's share price rose 3.1% today, closing at RM4.00. Company management expressed optimism for the fiscal year 2026 outlook despite global economic challenges, anticipating CPO prices to remain at healthy levels and planning to further enhance profitability through improved production efficiency and sustainable development practices. Additionally, the company announced a final dividend of 6 sen per share, further boosting investor confidence. Analysts generally upgraded their earnings forecasts and target prices for Sime Darby Plantation, citing its strong competitive advantage within the palm oil industry.
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