Sime Darby Property announced impressive results, with its latest quarterly net profit surging 25% to RM120 million, primarily driven by strong new project sales and accelerated construction activities. The company expressed optimism about the property market outlook.
Sime Darby Property Bhd, a leading Malaysian property developer, today announced robust quarterly results, with its net profit for the fourth quarter ended December 31, 2025, surging 25% year-on-year to RM120 million. This significant growth was primarily attributed to exceptional sales performance from its new residential projects in Selangor and Johor, coupled with accelerated construction progress on existing developments. The company's revenue also saw a parallel increase of 18% to RM850 million. The Managing Director of Sime Darby Property stated that despite challenging market conditions, the company successfully achieved strong sales by focusing on high-demand locations and affordable housing. Looking ahead, the company remains optimistic about the property market outlook for the financial year 2026, anticipating stable growth driven by government support initiatives and ongoing urbanization.
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