Lian Beng's Q3 net profit down 45.4%

Singapore

LIAN BENG Group's net profit for the third quarter ended February fell 45.4 per cent, from S$33.7 million to S$18.4 million on the back of revenue falling 17.3 per cent from S$244.5 million to S$202.3 million.

For the nine months ended February, net profit rose 5.7 per cent from S$50.9 million to S$53.9 million. Revenue rose 6.3 per cent, from S$536.2 million to S$569.9 million.