Sime Darby Property announced a 15% year-on-year increase in net profit to RM120 million for Q4 FY2025, surpassing analyst expectations. The strong performance was primarily driven by robust sales from new project launches and improved construction progress, signaling a positive outlook for the property sector.
Sime Darby Property Bhd announced encouraging results for its fourth quarter of fiscal year 2025, with net profit surging 15% year-on-year to RM120 million, surpassing market consensus. The company's revenue also saw an 8% increase, reaching RM750 million. This robust performance was primarily attributed to strong sales momentum from new project launches, particularly in popular locations within Selangor and Johor. Additionally, steady progress in construction works and effective cost control measures contributed to the profit growth. The CEO stated that the company remains focused on launching high-value projects and optimising its land bank. Analysts are optimistic about Sime Darby Property's outlook, expecting it to benefit from the gradual recovery of the Malaysian property market, and may revise their target prices upwards.
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