Sime Darby Property net profit increases fourfold in 2Q

PETALING JAYA: Sime Darby Property Bhd recorded a stronger set of earnings in the second quarter of this year (2Q22) and first half of its financial year ended June 30 (1H22) on the back of robust sales figures.

It said net profit spiked by more than four-fold to RM104.99mil in 2Q22 from RM23.20mil a year ago as the group was confident of sales surpassing last year’s total of RM2.6bil.