Sime Darby Property announced a 25% year-on-year increase in net profit for Q4 FY2025, driving its share price up 1.2% to RM0.85 today. The strong performance was attributed to robust sales from new launches and efficient cost management, signaling a positive outlook for the property developer amidst a recovering market.
Sime Darby Property Bhd today announced encouraging results for its fourth quarter of FY2025, with net profit surging 25% year-on-year to RM120 million, significantly exceeding market expectations. Boosted by this positive news, the company's share price climbed 1.2% to close at RM0.85. Revenue also increased by 15% to RM950 million, primarily driven by strong sales from new project launches and effective cost control. Management stated that despite intense market competition, demand for the company's quality projects in prime locations remains robust. Looking ahead, Sime Darby Property expects to continue launching more new projects and focus on enhancing land utilization efficiency to sustain its growth momentum. Analysts have generally upgraded their earnings forecasts and target prices for the company.
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