Lian Beng's Q3 profit up 63% on higher revenue

Singapore

CONSTRUCTION firm Lian Beng Group, which is spinning off its property unit into a Catalist listing this month, on Thursday said it expected a "steady flow of activity" through to fiscal 2022. It reported a 63 per cent rise in net profit for the fiscal third quarter from a year ago.

Net profit for the three months ended Feb 28, 2018, stood at S$4.68 million, up from S$2.87 million a year ago. This translated to earnings per share of 0.94 Singapore cents, up from 0.57 Singapore cents a year ago.