Latest Breaking News On - டெஸ்கோ மலேசியா - Page 1 : comparemela.com
According to Sime Darby Bhd group chief financial officer Mustamir Mohamad, (pic) effective management of the group’s cash flow was critical during the pandemic to ensure there was sufficient cash for its various businesses.
KUALA LUMPUR: Most businesses are grappling to stay afloat as they confront uncertainties through and beyond the Covid-19 pandemic.
But there are some businesses that have quickly responded to the changes during this period.
The companies moved early to rationalise their balance sheets to improve cash flow as well as cutting back from non-core businesses to mitigate the impact of the pandemic.
One such company is Malaysia’s oldest and diversified conglomerate Sime Darby Bhd
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Sime Darby Berhad 9 Months Net Profit at RM1.2 billion
An 89 Per Cent Jump in Net Profit
Sime Darby Berhad reported an 89 per cent increment in net profit for the nine-months ended 31 March 2021 (9M FY2021) while net profit for the Group s third quarter ended 31 March 2021 (Q3 FY2021) increased to RM300 million compared with RM115 million for the same period last financial year (Q3 FY2020). Net profit for the quarter more than doubled, underpinned by the strong performance of the Motors division, particularly in China.
The Group s profit before interest and tax (PBIT) for the quarter grew by 75 per cent to RM463 million, as compared to Q3 FY2020. This was due to solid sales performance in Motors China, where PBIT more than tripled to RM125 million with higher revenue and margins. Overall revenue for the quarter surged 31 per cent to RM11 billion.
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KUALA LUMPUR (May 10): Lotuss Stores (Malaysia) Sdn Bhd (Lotus’s Malaysia) has no plan for job cuts and will continue to be recruiting to support its growth aspirations and plans despite concerns about the employment status of Tesco Malaysia employees, following its acquisition of the latter.
President Kenneth Chua said the company is recruiting 200 new local colleagues at its Bukit Beruntung, Selangor distribution centre (DC) to further affirm its commitment to create employment in the country.
“The pandemic has put many people out of a job and in support of the government’s initiative in creating employment for Malaysians, we are offering 200 permanent positions for job seekers in our Bukit Beruntung DC,” he said in a statement today.
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