RM0.024 (vs RM0.01 in 2Q 2023)

Sime Darby Property Berhad (KLSE:SIMEPROP) Second Quarter 2024 Results

Key Financial Results

• Revenue: RM1.20b (up 75% from 2Q 2023).

• Net income: RM162.0m (up 128% from 2Q 2023).

• Profit margin: 14% (up from 10% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: RM0.024 (up from RM0.01 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sime Darby Property Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Real Estate industry in Malaysia.

Performance of the Malaysian Real Estate industry.

The company’s shares are down 1.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example – Sime Darby Property Berhad has 2 warning signs we think you should be aware of.

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