Sime Darby Property Bhd announced a 15% increase in its latest quarterly net profit, reaching RM120 million, driven by strong new project sales and accelerated construction activities. The company's shares rose 2.5% today, reflecting investor confidence in its growth trajectory and robust property market demand. This positive outlook is expected to continue.
On February 5, 2026, Sime Darby Property Bhd, a leading Malaysian property developer, announced encouraging latest quarterly results, with its net profit increasing by 15% year-on-year to RM120 million. This significant growth was primarily attributed to strong sales performance from new projects and accelerated construction activities. The company achieved robust pre-sales figures from its key developments in the Klang Valley and Johor, indicating sustained market demand for quality residential and commercial properties. Following the earnings announcement, Sime Darby Property's share price rose 2.5% today to RM0.82 per share, reflecting investor confidence in its growth trajectory and solid financial performance. Management stated that the company would continue to focus on strategic land development and innovative products to meet evolving market demands, expecting positive momentum to be maintained in the coming quarters.
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