Distribution, retail to remain core earnings contributors to Sime Darby
Sime Darby Bhd expects vehicle distribution and retail under its unit Sime Darby Motors (SD Motors) to remain the core contributor to group profits, especially in the luxury segment in China.
SD Motors Managing Director Andrew Basham said its focus on the luxury segment, mainly in China, had paid off handsomely, contributing the bulk of the group’s revenue in the financial year ended June 30, 2021 (FY21).
