Sime Darby Property (SDP) announced better-than-expected quarterly earnings, with net profit surging 15% year-on-year to RM85 million, primarily driven by robust property sales and progress in ongoing projects. This positive development signals a healthy recovery in the property sector, supported by favorable market conditions and effective project execution. The company's outlook remains optimistic for the coming quarters.
Sime Darby Property Bhd today announced its financial results for the fourth quarter ended December 31, 2025, reporting a 15% year-on-year increase in net profit to RM85 million, surpassing market expectations. Revenue also grew by 10% to RM720 million. The company attributed the strong performance to robust sales from its key developments in Klang Valley and Johor, as well as good progress in ongoing projects. Management expressed optimism for the 2026 market outlook, anticipating stable housing demand and plans to launch new projects to meet market needs. This news propelled Sime Darby Property's stock price up 2.5% to RM0.82, indicating investor confidence in its future growth potential.
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