Sime Darby Property announced better-than-expected quarterly earnings, driven by strong sales and project deliveries. The company expressed optimism about its future development prospects amid a recovering property market.
Sime Darby Property Bhd announced better-than-expected quarterly results on Friday, with net profit surging 25% year-on-year to RM155 million. This robust performance was primarily driven by continuous sales growth from its key developments in Selangor and Johor, coupled with improved project delivery rates. The company's management expressed optimism about future development prospects, anticipating a continued recovery in the Malaysian property market, supported by government policies and rising consumer confidence. Sime Darby Property plans to launch more high-value projects in FY2026 and focus on enhancing operational efficiency to solidify its market leadership. Investors reacted positively to the company's profitability and growth potential, with its share price rising marginally by 0.3%.
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