Lian Beng's Q2 net profit slips 2.8% to S$22.9m

Singapore

CONSTRUCTION and civil engineering firm Lian Beng Group on Wednesday reported a 2.8 per cent year-on-year slip in net profit to S$22.9 million for the second quarter ended Nov 30, 2015.

Its revenue plunged 35 per cent in Q2 2016 to S$130 million, compared to S$200 million in Q2 2015.

For H1 2016, however, net profit jumped 55.4 per cent year-on-year to S$55.1 million, while revenue slumped 27.7 per cent to S$265.6 …