Weaker ringgit may impact Sime Darby Property’s profit margins, says MD
Datuk Azmir Merican: The exchange rate does give us a bit of an impact all the time, because of the price of raw materials [which will be] impacted [by] the exchange rates.
Datuk Azmir Merican: The exchange rate does give us a bit of an impact all the time, because of the price of raw materials [which will be] impacted [by] the exchange rates.
These targets will be reached by retrofitting its assets with energy efficient technology, adopting renewable energy, encouraging behavioural change among its staff and using lower-carbon materials, amongst other things.
The group's revenue for 3QFY2023 outperformed the preceding quarter by 52.
Sime Darby Property said it had recorded sales totalling RM1.
Group managing director Datuk Azmir Merican: I think it is a difficult time especially today, as you see a lot of price increases.
In a bourse filing on Thursday (May 25), the developer said revenue for the quarter rose 43% to RM685.
SDP group managing director Datuk Azmir Merican, in a statement, said the group successfully delivered 1,855 units of products to its customers in FY2022 while being affected with labour-related challenges and escalating material prices.
PETALING JAYA (Aug 26): Sime Darby Property Bhd (SD Property) has recorded RM1.
PETALING JAYA (May 27): Sime Darby Property (SDP) is on track to achieve its RM2.