Sime Property said the group’s resilient financial position and revenue visibility, supported by a moderate net gearing level of 0.26 times and unbilled sales of RM1.5bil, put it in good stead to ride out market uncertainties.
KUALA LUMPUR: Sime Darby Property Bhd
posted profit before interest and tax (PBIT) of RM92.6mil in the third quarter ended Sept 30,2020 excluding impairments.
It said on Wednesday the PBIT was up more than four-fold. Its revenue increased by 105.6% to RM592.6mil from the preceding quarter. It declared an interim dividend of one sen per share.
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