Sime Darby Property Bhd announced a 15% increase in its fourth-quarter net profit to RM125 million, surpassing analysts' expectations. The robust performance was primarily driven by strong property sales and significant progress in its ongoing development projects, reflecting a positive outlook for the property sector.
Sime Darby Property Bhd today announced robust fourth-quarter results, with net profit increasing by 15% year-on-year to RM125 million, surpassing consensus estimates from market analysts. The company attributed this growth primarily to strong sales performance across its key developments in Selangor and Johor, alongside steady progress in project construction. Revenue also saw a 10% year-on-year increase to RM980 million. Management expressed optimism for the financial year 2026 outlook, anticipating continued sales momentum amidst favorable property market conditions. The company's share price rose 3.2% to RM0.65 following the earnings release.
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