Sime Darby Property announced a 15% increase in fourth-quarter net profit to RM120 million, surpassing market expectations. Revenue also grew in tandem, primarily driven by robust residential property sales. This strong financial performance underscores the company's effective strategies and a recovering property market.
On February 5, 2026, Sime Darby Property Bhd, a leading Malaysian property developer, announced impressive fourth-quarter results, with net profit surging 15% year-on-year to RM120 million, surpassing analysts' consensus estimates. Revenue for the same period also recorded significant growth, primarily driven by robust sales of its residential projects in key townships across Selangor and Johor. The company's management attributed the strong performance to successful marketing campaigns, strategic land banking, and an accurate understanding of consumer demand. Despite challenges from rising construction costs, Sime Darby Property maintained healthy profit margins through effective cost management and project execution. Looking ahead, the company remains optimistic about its prospects for FY2026, anticipating the launch of more new projects to meet market demand and a continued focus on sustainability and innovation.
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