Sime Darby Property announced a 15% year-on-year increase in Q4 net profit to RM125 million, surpassing analyst expectations. Robust sales and strong project completion rates were the primary drivers of this positive performance.
Sime Darby Property Bhd, a leading Malaysian property developer, today announced encouraging fourth-quarter financial results, with net profit increasing by 15% year-on-year to RM125 million, surpassing market expectations. The company stated that this strong performance was primarily driven by robust sales momentum from its key development projects in Selangor and Johor, along with the successful completion and handover of several projects. Revenue also saw a parallel increase of 10% to RM750 million. Looking ahead, Sime Darby Property maintains cautious optimism for the 2026 market outlook, planning to launch more affordable and mid-to-high-end residential projects to meet growing market demand. Analysts generally lauded Sime Darby Property's performance and anticipate a positive impact on its share price.
Share: