TITLE

Palm Oil Predicament

AUTHOR(S)
Gatsiounis, Ioannis
PUB. DATE
November 2008
SOURCE
Forbes Asia;11/24/2008, Vol. 4 Issue 20, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents information on the financial condition of Sime Darby Bhd. After the merger of palm oil producers Sime Darby, Golden Hope Plantations and Kumpulan Guthrie, Darby's first annual results increased by 40% for the year ended June 30. 2008. After the fall in palm oil prices, its stocks fell 53%. Chief executive officer (CEO) Ahmad Zubir Murshid says that if a division is not giving adequate returns then they would not hesitate to divest it.
ACCESSION #
35661635

 

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