SDP records all-time high 9M revenue, profit

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The Star 1d ago

SDP records all-time high 9M revenue, profit - The Star

Quick Summary:

Sime Darby Property Bhd (SDP) recorded its strongest nine-month performance to date for the period ended Sept 30, 2024 (9M24), driven by strong sales momentum across a diverse product mix.

For its third quarter ended Sept 30, 2024, net profit dipped to RM128.26mil from RM144.92mil in the previous corresponding period, while revenue stood at RM1.09bil, compared with RM1.05bil a year earlier.

SDP said its property development segment achieved its highest nine-month revenue, surpassing RM3bil for the first time to reach RM3.1bil, a 36% increase year-on-year (y-o-y) from RM2.3bil.