Sime Darby Property reported a 30% surge in net profit to RM120 million for its Q4 FY2025, driven by increased sales and project handovers. The company stated that the robust performance reflects sustained strong demand for quality residential projects, exceeding market expectations and signaling a positive outlook for the property sector.
Sime Darby Property Bhd, a leading Malaysian property developer, announced impressive financial results for its fourth quarter of fiscal year 2025 on Friday, with net profit surging by 30% to RM120 million, significantly exceeding market expectations. The company attributed this robust performance primarily to a substantial increase in sales from newly launched residential projects and efficient handover of existing developments. Revenue also saw a 15% year-on-year growth, reaching RM750 million. Sime Darby Property Group's CEO stated that despite a challenging market environment, the company successfully attracted buyers by focusing on strategic locations and innovative product designs. Looking ahead, the company remains optimistic for FY2026, planning to launch more high-value projects and anticipating continued strong demand for affordable and quality residential properties. This earnings report has also injected positive sentiment into the broader property sector.
Share: