Lian Beng posts record profit and revenue

LIAN Beng Group on Tuesday posted record net profit and revenue of S$108 million and S$747 million respectively for the full year ended May 31, 2015.

The group is proposing a first and final dividend of S$0.01 per share and special dividend of S$0.01 per share. Added to the interim dividend of S$0.01 per share paid out earlier this year, the dividend for FY2015 will total S$0.03 per share, another record for the company.

Ong Pang Aik, Lian Beng's executive chairman, commented: "The outstanding performance for FY2015 is a result of our diversified revenue streams. While not all business segments have grown in FY2015, the segments which have performed better have made an overall growth possible for us. We are continuing this strategy and are actively seeking opportunities local and overseas to further enrich our revenue sources."

For the fourth quarter, net profit rose 49.6 per cent to S$54.2 million while revenue rose 20.6 per cent to S$177.1 million.