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Lian Beng Q1 net profit surges 59% to S$11.97m

This comes from strong construction orders previously clinched as well as its JVs in property development

Mr Ong says the strengthening of Lian Beng's construction order book to above S$1b last year has translated to higher construction revenue for the company


LIAN Beng Group enjoyed a 58.5 per cent surge in net profit to S$11.97 million for its fiscal first quarter ended Aug 31, on the back of strong construction orders previously clinched.

Group revenue rose 10.8 per cent to S$167.64 million over the same period, due mainly