Residential property sales rise significantly for Sime Darby Q2

Sime Darby Property Bhd reported today that their second quarter net profit at RM19.91 million is a significant rise compared to their net loss of RM93 million last year.

Due to aggressive  online marketing, revenue rose as the real estate developer’s residential property sales improved significantly at a time when the Malaysian property sector was facing the effects of  pandemic-led movement restrictions.

In a statement to Bursa Malaysia today, Sime Darby Property said revenue rose to RM502.83 million in the second quarter ended June 30, 2021 (2QFY21) from RM288.23 million.

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