Sime Darby Property announced stronger-than-expected quarterly earnings, with net profit surging 25%, driven by robust demand for its residential and industrial properties. The positive results reflect a recovering property market and effective sales strategies, bolstering investor confidence in the sector.
Sime Darby Property Bhd (stock code: 5288) today announced encouraging results for its fourth quarter of FY2025, with net profit surging 25% year-on-year to RM125 million, surpassing market expectations. Revenue also grew by 18% to RM780 million. The company attributed its strong performance to sustained high demand for its residential and industrial property projects, particularly in strategic locations across Selangor and Johor. New launches were well-received by buyers, maintaining strong sales momentum. Additionally, the company's efforts in cost management contributed to its profitability. Sime Darby Property's shares rose 3.0% to RM0.72 in midday trading, indicating investor optimism about the company's future growth prospects. This performance also sent a positive signal to the broader property sector.
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