Friday, 8 July 2011
Sime Darby sold 70.000 vehicles
SIME Darby Motors Sdn Bhd, the automotive business of Sime Darby Bhd had sales of up to 70.000 vehicles in the year ended 30 June, 16.7 percent higher than the set target of 60,000 units previously. 's managing director, Datuk Lawrence Lee, said of the total market China accounted for sales of 27,000 units during the financial year July 30, 2010 until June 30, 2011.
He said, based on performance, the company is confident its operations arm of the income contribution of China to the company's overall earnings, will increase more than 35 percent compared to only 30 per cent recorded last year.
"The performance thus shows China operations, which includes markets in mainland China, Hong Kong and Macau, remains the largest revenue contributor to the company until now. "It's expectations, especially after you know the results of the third quarter of the current financial year when the three countries posted revenue of RM4.6 billion or about 45 percent over other markets such as Malaysia, Singapore, Thailand, Australia and New Zealand, "he said in Chengdu, China, yesterday. Elaborating, he said the operation in China will remain a key driver growth of the company and it will continue to increase investment to strengthen the position in respective regions. He said the company will take advantage of China's regional economic environment better and encouraging the growth of industrial sector to increase sales of luxury vehicles and open more branches in various cities with potential. "significant contribution the income of the company placing it among our priorities for the next expansion plan, we will strengthen the presence in the region by allocating more investments to open more branches and bringing in new brands in China, "he said.