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.
