$SIMEPROP (5288.MY)$ 4QFY2023 net profit surged by 27.25% to...

$SIMEPROP(5288.MY)$ 4QFY2023 net profit surged by 27.25% to RM131.26 million, propelled by robust contributions from the property development segment. Quarterly revenue rose by 5.83% to RM1.01 billion. The company declared a second interim dividend of 1.5 sen per share, totaling 2.5 sen for FY2023. Full-year net profit soared by 29.15% to RM407.91 million, with revenue expanding by 25.34% to RM3.44 billion. With FY2023 sales surpassing targets at RM3.3 billion and unbilled sales maintained at RM3.6 billion, the company aims for a RM3 billion sales target and launches worth RM3.9 billion in GDV for FY2024, anticipating positive growth supported by government policies and incentives. https://dc3x.short.gy/JtZIDb