KUALA LUMPUR: SIME DARBY BHD [] shares advanced in early trade on Thursday, Sept 23 after the company said there would not be additional provisions required to be made for the four key projects in the energy and utilities (E&U) division, which has suffered heavy losses.
At 9.31am, Sime was up five sen to RM8.39 with 367,200 shares traded.
Sime said the group had made the necessary provisions in the financial statements for the year ended June 30, 2010 based on the progress, cost incurred, cost estimated to completion and the technical consultants' report.
At 9.31am, Sime was up five sen to RM8.39 with 367,200 shares traded.
Sime said the group had made the necessary provisions in the financial statements for the year ended June 30, 2010 based on the progress, cost incurred, cost estimated to completion and the technical consultants' report.
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