Sime Property posts RM765mil H1 revenue


The property developer’s performance during the period was affected by the closure of sales galleries and the suspension of development activities due to the movement control order (MCO), it said in a statement yesterday.

KUALA LUMPUR: Sime Darby Property Bhd recorded a net loss of RM67.6mil in the first half of the financial year ended June 30,2020, as revenue fell 46.9% to RM765mil on a year-on-year basis.

The property developer’s performance during the period was affected by the closure of sales galleries and the suspension of development activities due to the movement control order (MCO), it said in a statement yesterday.

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