Lian Beng's Q4 net profit down 43.9% to S$30.4m

LIAN Beng Group's Q4 net profit fell 43.9 per cent to S$30.4 million from the previous year, the group said in a Singapore Exchange filing on Wednesday evening.

For the three months ended May 31, revenue plunged 55.8 per cent to S$78.3 million from the year-ago period.

Ong Pang Aik, Lian Beng's executive chairman, said the group is proposing the same level of dividends as the year before, ie, a final dividend of S$0.01 per share and a special dividend of S$0.01 per share, totalling S$0.02 per share. Together with the interim dividend of S$0.01 per share, the total dividends for FY2016 add up to S$0.03 per share.

The dividends, if approved at the AGM to be held on Sept 29, will be paid on Oct 14.