Sime Darby Property (SIMEPROP) announced encouraging latest quarterly results, with net profit surging 15% year-on-year to RM120 million. Robust sales and effective cost management were key drivers. The company remains optimistic about the 2026 property market outlook and plans to launch more new projects. This positive performance signals a healthy recovery in the property sector and strong operational efficiency.
Sime Darby Property (SIMEPROP), a leading Malaysian property developer, announced its financial results for the fourth quarter ended December 31, 2025, exceeding market expectations. The company's net profit surged 15% year-on-year to RM120 million, while revenue increased 10% to RM850 million. This robust performance was primarily driven by continued strong sales from its key development projects in Selangor and Johor, coupled with effective cost control measures. Sime Darby Property's management expressed optimism about the 2026 property market outlook despite intense competition, with plans to launch new projects with a total Gross Development Value (GDV) of RM3 billion this year. The company will continue to focus on affordable housing and industrial property segments to meet market demand. This positive news led to a modest 1.0% increase in Sime Darby Property's share price to RM0.75, reflecting investor confidence in its future growth potential.
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