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Lian Beng Q1 net falls 30.9%

Bottom line hit by hike in cost of sales, lower other operating income

"The strong revenue growth augurs well as we enter the new financial year," said Ong Pang Aik, executive chairman at Lian Beng - PHOTO: LIAN BENG GROUP

CONSTRUCTION company Lian Beng reported a 30.9 per cent fall in first quarter earnings to $7.3 million, as higher costs incurred in relation to property sales and lower other operating income took their toll on earnings.

The profit attributable to equity-holders for the three months ended...

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