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Sime Darby Property posts 23% higher profit in FY24 on back of record revenue

The Star LogoThe Star4h ago

Sime Darby Property posts 23% higher profit in FY24 on back of record revenue - The Star

Quick Summary:

KUALA LUMPUR: Sime Darby Property Bhd (SDP) chalked up a net profit of RM502.20 million for the financial year ended Dec 31, 2024 (FY2024), up 23.1 per cent from RM407.91 million in the year before.

As of Dec 31, 2024, the group’s unbilled sales rose to RM3.7 billion, ensuring strong earnings visibility for the next three years.

For the fourth quarter (4Q) ended Dec 31, 2024, net profit eased to RM88.41 million from RM131.26 million a year earlier.

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-26 @ 19:44:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 466 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 26457730

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 48 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 2 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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  • URL: https://beamstart.com/news/sime-darby-property-posts-23-17405705048557

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