UEM Sunrise's Q2 earnings more than double to RM46.8mil
KUALA LUMPUR: UEM Sunrise Bhd’s net profit jumped 109 per cent to RM46.84 million in the second quarter ended June 30, 2026, from RM22.41 million a year earlier, driven by higher revenue.
KUALA LUMPUR: UEM Sunrise Bhd's net profit more than doubled to RM46.84 million in the second quarter, driven by higher revenue. Revenue increased 36.9% to RM605.71 million, with property development segment contributing 64% to total revenue. No interim dividend was declared. For the six months, net profit rose 46.9% to RM63.05 million, while revenue grew 10.8% to RM953.42 million.
Higher revenue was supported by progress billings, revenue recognition from ongoing developments, and contributions from completed projects in central and southern regions. Geopolitical tensions and global market volatility may continue to impact construction and logistics costs. UEM Sunrise remains vigilant to potential impacts on development costs and buyer sentiment.
Domestic property fundamentals remain resilient, supported by economic activity and infrastructure investment. Key catalysts include the Johor-Singapore Special Economic Zone and the Johor Bahru-Singapore Rapid Transit System Link. The company targets RM1.3 billion in sales and RM2.2 billion in gross development value launches for FY2026.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
