Sime Darby Property Bhd announced a robust 20% increase in net profit to RM120 million for its fourth quarter, surpassing market expectations. The strong performance was attributed to higher property sales and better cost management. The company remains optimistic about its prospects for 2026, driven by new project launches and sustained demand for affordable housing.
Sime Darby Property Bhd reported impressive results for its fourth quarter of the financial year 2025, with net profit surging 20% year-on-year to RM120 million, significantly exceeding market expectations. This robust performance was primarily driven by strong sales momentum from its projects in Klang Valley and Johor, coupled with effective cost management strategies. The company achieved new sales of RM850 million during the reporting period, predominantly from its residential and industrial properties. The CEO expressed optimism for 2026, with plans for more new project launches and an anticipated sustained strong demand for affordable housing. This positive earnings report is expected to boost investor confidence in the property sector.
Share: