AS the construction industry recovers from its Covid-induced slumber, industrial conglomerate Hong Leong Asia : H22 0% (HLA) expects continued growth in its building materials business.

On Thursday (Aug 11), the company posted a 4.5 per cent year-on-year increase in net profit to S$42.6 million for the first half of the year ended Jun 30.

Revenue was down 26.1 per cent to S$2.1 billion, after the company’s diesel engine business in China posted lower sales volumes.