Sime Darby Property expects to be profitable in Q1 2019 | Malay Mail

Group managing director Datuk Seri Amrin Awaluddin speaks during the Sime Darby Property Q2 financial results announcement in Kuala Lumpur February 27, 2018. — Picture by Miera Zulyana

“For the development of our recurring income, we have started with Japan’s Mitsui & Co and Mitsubishi Estate Co Ltd to develop and managed industrial park in Bandar Bukit Raja. “So this would be our medium to long term strategy. We set a target that by 2020, 10 per cent of our pre-tax profits will be from recurring income, which is from rental and property investment.

The campaign is expected to address the high number of unsold houses in the country, featuring some 30,115 completed houses.

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Sime Darby Property slips into loss but achieves sales target | Malay MailKUALA LUMPUR, Feb 27 — Sime Darby Property Bhd fell into a net loss of RM318.70 million for six-month financial period ended Dec 31, 2018 (FY18), from a net profit of RM559.77 million recorded in 2017. The company, which has changed its financial year end from June 30 to Dec 31, said the net loss...
Source: malaymail - 🏆 1. / 86 Read more »

Sime Darby Property slips into loss but achieves sales target | Malay MailKUALA LUMPUR, Feb 27 — Sime Darby Property Bhd fell into a net loss of RM318.70 million for six-month financial period ended Dec 31, 2018 (FY18), from a net profit of RM559.77 million recorded in 2017. The company, which has changed its financial year end from June 30 to Dec 31, said the net loss...
Source: malaymail - 🏆 1. / 86 Read more »