KUALA LUMPUR, Aug 18 — Sime Darby Plantation Bhd’s (SDP) net profit for the second quarter ended June 30, 2021 (Q2 2021) has surged to RM617 million from RM378 million recorded in the same period last year.

Revenue rose to RM4.41 billion from RM3.22 billion previously, the group said in a filing with Bursa Malaysia today.

The group registered a net profit of RM647 million from continuing operations — 71 per cent higher than that of Q2 2020, driven by stronger recurring profit before interest and tax (PBIT) from both upstream and downstream segments, which compensated for the non-recurring loss reported in the current quarter.

“The non-recurring loss of RM11 million reported during the current quarter was mainly due to an impairment charge on idle land, as compared to a non-recurring PBIT of RM197 million recorded in Q2 2020, arising from divestment gains,” it said.

The board has also declared an interim dividend of 7.90 sen per share in respect of the financial year ending Dec 31, 2021.

“The interim dividends which are not taxable in the hands of the shareholders pursuant to the paragraph 12B of Schedule 6 of the Income Tax Act 1967 will be paid on Nov 12, 2021, and the entitlement date for the dividend payment is Oct 28, 2021,” it said.


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