Sime Darby Property Bhd reported a 25% increase in net profit for Q4 FY2025, driven by robust sales from new projects. Its shares rose 3.1% today, with the market optimistic about its future developments and landbank monetization strategies.
Sime Darby Property Bhd today announced a 25% year-on-year increase in net profit for its fourth quarter of FY2025, reaching RM125 million, surpassing market expectations. Revenue also grew by 18%, primarily driven by robust sales from its newly launched residential projects in Selangor and Johor, coupled with accelerated construction progress on existing developments. Company management stated that despite a challenging market environment, demand for well-located and thoughtfully planned communities remains strong among homebuyers. Sime Darby Property's shares reacted positively to the earnings announcement, climbing 3.1% to close at RM0.98. Analysts noted that the company's extensive landbank, combined with proactive land monetization strategies and upcoming new project launches, is expected to continue driving future earnings growth. The market remains optimistic about the company's prospects, believing it is well-positioned to maintain its leading presence in the competitive property market.
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