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Lian Beng's Q4 revenue soars 60.3% to S$125.4m

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THE completion of industrial development project Mandai Foodlink lifted mainboard-listed Lian Beng Group's results for its fourth quarter ended May 31, 2017.

THE completion of industrial development project Mandai Foodlink lifted mainboard-listed Lian Beng Group's results for its fourth quarter ended May 31, 2017.

Also contributing significantly are the group's investment holding segment, comprising property portfolio in Australia and Singapore, and its investment securities portfolio.

Its net profit for Q4 increased 5.3 per cent to S$31.99 million from the previous year, the group said in a Singapore Exchange filing on Wednesday evening. Revenue leapt 60.3 per cent to S$125.4 million.

Earnings per share edged up to 6.4 Singapore cents from 6.08 Singapore cents in the previous year.

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Lian Beng's executive chairman Ong Pang Aik said: "We are proposing a final dividend of 1.25 Singapore cents per share. Adding the interim dividend, the total dividend for FY2017 will be 2.25 Singapore cents per share, representing a dividend payout of approximately 21.1 per cent."

Lian Beng shares closed at S$0.625 on Wednesday.

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