Tag: Sime Darby Plantation
The group says it hopes discussions can be concluded by year-end.
Deputy MD Mohamad Helmy Othman Basha will take over the helm of the company from July.
Timbalan Pengarah Urusan SDP, Mohamad Helmy Othman Basha akan menggantikan Bakke Salleh.
Plantation giant suffers 64% decline in pretax profit to RM125 million for the first quarter of 2019 financial year.
The government makes no objection to Sime Darby Plantation's judicial review, but a lawyer's submission that the court cannot hear the matter is dismissed.
The Liberian operations have been losing RM40 million to RM50 million annually.
Industry sources say the company may close its operation in Liberia due to the company's low return on investment.
The oil palm planter reported a net profit of RM249 million for the quarter ended March, versus RM410 million in the same quarter last year.