Sime Darby Property announced a 15% year-on-year increase in Q4 net profit to RM125 million, surpassing market expectations. Revenue also grew by 10%, driven by strong sales and project completion rates. The company remains optimistic about the market outlook for 2026, citing resilient demand and strategic launches.
Sime Darby Property Bhd, a leading Malaysian property developer, announced encouraging fourth-quarter results, with net profit surging 15% year-on-year to RM125 million, surpassing analysts' consensus estimates. Revenue for the same period also grew by 10% to RM780 million, primarily driven by strong sales performance from its projects in Klang Valley and Johor, coupled with efficient project completion rates. Company management stated that its strategy of launching new projects strategically and focusing on affordable housing has proven successful despite challenging market conditions. Sime Darby Property also announced that its unbilled sales stood at a healthy RM3.5 billion, providing a solid foundation for future earnings. Looking ahead to 2026, the company maintains a cautiously optimistic outlook for the property market, anticipating resilient demand supported by government initiatives and stable economic growth.
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