Sime Darby Property posts net profit of RM137mil in FY21

In a filing with Bursa Malaysia yesterday, SDP said it achieved RM1bil in sales in Q4, adding that revenue during the period grew to RM739.37mil from RM705.19mil a year earlier.

KUALA LUMPUR: Sime Darby Property Bhd (SDP) recorded a net profit of RM72.19mil for its fourth quarter (Q4) ended Dec 31, 2021 compared with a net loss of RM56.64mil in the previous corresponding period, driven by strong progress billings during the quarter upon resumption of site progress in the company’s property development segment.

In a filing with Bursa Malaysia yesterday, SDP said it achieved RM1bil in sales in Q4, adding that revenue during the period grew to RM739.37mil from RM705.19mil a year earlier.