Sime Darby Property Bhd announced better-than-expected quarterly earnings, driven by robust sales performance and the ongoing recovery in the Malaysian property market. The company's share price surged by 2.1% today following the positive news. This strong financial showing indicates a healthy demand for residential and commercial properties, positioning the developer favorably for future growth amidst improving economic conditions.
Sime Darby Property Bhd today announced a 35% year-on-year increase in net profit for the fourth quarter ended December 31, 2025, reaching RM125 million, surpassing market expectations. Revenue also grew by 20% to RM1.5 billion. The company attributed its strong performance to sustained high sales rates for its projects in Selangor and Johor, as well as supportive government policies for the property market. Following this positive news, Sime Darby Property's share price rose 2.1% today, closing at RM0.98. Management remains optimistic about the market outlook for 2026, with plans to launch more new projects.
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