News by TheEdgeMarkets.com

Revenue for FY19 declined 9.81% to RM886.32 million compared with RM982.71 million in FY18 mainly due to decreases in contribution from its property and hospitality segments.

Retail prices of RON95 and diesel remain at RM2.08 per litre and RM2.18 per litre respectively.

Sime Darby Plantation said the court had also granted a stay of all further proceedings in the land acquisition.

"The court was informed today that the plaintiff had inspected and made a statement to the police and that not all the pieces (of the jewellery) are there."

Justice Zaini said Rosmah should not be afraid that her defence will be affected or that the information she gives would be used against her in respect of these charges.

The proceedings were delayed today as the court waited for the accused and her bailor, but both did not show up for the case mention this morning.

“Deloitte Malaysia is not the subject of the investigation and is cooperating fully with the authorities in their investigation.”

On prospects, the group said it acknowledges the challenging outlook, but believes products with unique value propositions, strategic locations and attractive prices will continue to generate demand and create sales.

The property division saw its revenue increasing 34% to RM122.1 million from RM91.3 million previously.

On its prospects, the REIT said economic conditions will influence the occupancy and rental rates of its properties.