Friday, August 6, 2010

Sime Darby: Details of forensic probe ready end-Sept

KUALA LUMPUR: SIME DARBY BHD [], whose shares came under selling pressure recently on concerns about mounting provisions for its energy and utilities (E&U) division, said details of forensic probe should be ready by end-September.

Sime said on Friday, Aug 6 that it would announce its fourth quarter results on Aug 26. It added that until then, it could not comment on the results of the group "except that we expect the company to report a profit for the year ended June 30, 2010 based on its best estimates".

"We wish to also inform that the result of the forensic investigations is expected to be announced by the end of September 2010," it said in a statement.

Sime shares closed unchanged at RM7.52 with 5.34 million shares done.

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