Lian Beng doubles H1 profit to S$35.5m

Singapore

MAINBOARD-LISTED Lian Beng Group has doubled its net profit to S$35.5 million for the first six months of its financial year ending Nov 30, 2014, largely due to the spike in share of results of associates and joint ventures.

For the first half of FY2015, the construction group's share of results of associates and joint ventures came in at S$21.5 million, compared with the S$964,000 loss in the previous corresponding period.