SIME DARBY 1H and Q2 FY2023 Results Announcement
Analyst Briefing: First Half and Q2 ended 31 December 2022
February 2023
Sime Darby Berhad Group Results
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FY2023 Financial Results
Reported Profit: Quarter ended 31 December 2022
In RM Million | Q2 FY2023 | Q2 FY2022 | YoY % |
Revenue | 11,292 | 10,492 | 7.6 |
PBIT | 421 | 494 | (14.8) |
Finance income | 12 | 8 | |
Finance costs | (68) | (33) | |
Profit before tax | 365 | 469 | (22.2) |
Taxation | (103) | (109) | |
Profit from continuing operations | 262 | 360 | (27.2) |
Non-controlling interests | (7) | (30) | |
Net profit from continuing operations | 255 | 330 | (22.7) |
Net profit from discontinued operations | 134 | 15 | |
Net profit attributable to owners of the Company | 389 | 345 | 12.8 |
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FY2023 Financial Results
Core Profit: Quarter ended 31 December 2022
In RM Million | Q2 FY2023 | Q2 FY2022 | YoY % |
Reported PBIT from continuing operations | 421 | 494 | (14.8) |
Adjustment: | |||
• Forex gain on settlement of net investment | (12) | - | |
Core PBIT from continuing operations | 409 | 494 | (17.2) |
Net finance costs | (56) | (25) | |
Taxation | (103) | (109) | |
Non controlling interests | (7) | (30) | |
Core Net Profit from continuing operations | 243 | 330 | (26.4) |
Core Net Profit from discontinued operations | 81 | 15 | |
Core Net Profit | 251 | 345 | (27.2) |
Adjustment:
1. Excludes net gain on disposal of the Weifang port companies and adjustments for depreciation, impairment and deferred tax (total of RM126m)
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FY2023 Financial Results
Segmental PBIT: Quarter ended 31 December 2022
Q2 FY2023 | Q2 FY2022 | Reported | Core PBIT | |||||
In RM Million | PBIT | |||||||
YoY % | YoY % | |||||||
Reported | Adjustments | Core | Reported | Adjustments | Core | |||
PBIT | PBIT | PBIT | PBIT | |||||
Continuing operations | ||||||||
Industrial | 224 | - | 224 | 213 | - | 213 | 5.2 | 5.2 |
Motors | 151 | - | 151 | 284 | - | 284 | (46.8) | (46.8) |
Healthcare | 16 | - | 16 | 11 | - | 11 | 45.5 | 45.5 |
Others | 43 | - | 43 | 7 | - | 7 | >100.0 | >100.0 |
Corporate | (25) | - | (25) | (21) | - | (21) | (19.0) | (19.0) |
Forex | 12 | (12) | - | - | - | - | ||
PBIT from | ||||||||
continuing | 421 | (12) | 409 | 494 | - | 494 | (14.8) | (17.2) |
operations | ||||||||
PBIT from | 130 | (122)1 | 8 | 9 | - | 9 | >100.0 | (11.1) |
discontinued | ||||||||
operations | ||||||||
PBIT | 551 | (134) | 417 | 503 | - | 503 | 9.5 | (17.1) |
Adjustment:
1. Net gain on disposal of the Weifang port companies and adjustments for impairment and depreciation
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Disclaimer
Sime Darby Berhad published this content on 23 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2023 05:52:01 UTC.
