Sime Darby Property reported better-than-expected fourth-quarter results, with net profit surging 25% year-on-year. The company benefited from strong sales in its residential and industrial property projects, coupled with effective management of construction costs.
Sime Darby Property Bhd, a leading Malaysian property developer, announced encouraging fourth-quarter results, with its net profit surging 25% year-on-year to RM120 million, surpassing market expectations. Revenue also grew by 18% to RM850 million. This strong performance was primarily driven by sustained high sales in its residential and industrial property projects across key areas like the Klang Valley and Johor, coupled with effective cost management in construction. The company's management expressed optimism for the 2026 market outlook, despite intense competition, and anticipates launching new projects to meet market demand. Sime Darby Property's share price rose 3.2% to RM0.88 following the earnings announcement, reflecting investor confidence in its growth potential. Analysts believe that with the gradual recovery of the Malaysian economy and supportive government policies for the property sector, the company's future performance is promising.
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