Sime Darby Property is set to exceed FY2021 sales target

Sime Darby Property’s prospects for the remainder of the year is more robust following a challenging third quarter, and the Group is currently rolling out its remaining planned launches worth RM1.6bil with a healthy mix of products.

PETALING JAYA: Sime Darby Property Bhd posted a revenue of RM1.5bil for the nine months ended Sept 30 (9M FY2021), registering a 9.1% increase from RM1.4bil achieved in the same period last year.

In 9M FY2021, the Group’s profit before tax (PBT) was RM147.4mil, marking a turnaround compared to the FY2020 corresponding period’s loss before tax (LBT) of RM445.5mil. Profit after tax and minority interest stood at RM64.7mil.