Sime Darby Property announced better-than-expected quarterly results, with net profit increasing 15% year-on-year, driven by strong sales from its residential projects and effective cost control measures.
KUALA LUMPUR, Feb 26, 2026 – Leading Malaysian property developer Sime Darby Property Bhd today announced encouraging quarterly results, with its net profit increasing by 15% year-on-year to RM120 million. This strong performance was primarily attributed to sustained high demand for its residential projects in Selangor and Johor, coupled with the company's effective cost management strategies. Revenue also grew by 8% to RM750 million. Sime Darby Property stated that its strategy of focusing on the mid-to-high-end residential market has been successful despite challenging market conditions. The company's management remains optimistic about future prospects, expecting to continue launching new projects to meet market demand and maintain healthy sales momentum.
Share: