Sime Darby Property Bhd announced a 15% increase in its latest quarterly net profit, reaching RM120 million, exceeding market expectations. This was primarily driven by strong sales of its residential projects across various key developments.
Sime Darby Property Bhd today announced its latest quarterly financial results for the period ended February 29, 2026, reporting a net profit of RM120 million, a 15% increase from the same period last year. Revenue also rose by 10% year-on-year to RM750 million. The company attributed the strong performance to excellent sales of its residential projects across various developments in Selangor and Johor, as well as accelerated construction activities. Newly launched projects also achieved good take-up rates. The CEO stated that the company would continue to focus on optimizing its land bank and sustainable development projects to meet market demand for quality residential and commercial spaces. Analysts are generally optimistic about Sime Darby Property's future prospects, expecting it to maintain its growth momentum driven by new project launches and progress on existing developments.
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