Lian Beng's Q3 profit up 63% on higher revenue
Singapore
CONSTRUCTION firm Lian Beng Group, which is spinning off its property unit into a Catalist listing this month, on Thursday said it expected a "steady flow of activity" through to fiscal 2022. It reported a 63 per cent rise in net profit for the fiscal third quarter from a year ago.
Net profit for the three months ended Feb 28, 2018, stood at S$4.68 million, up from S$2.87 million a year ago. This translated to earnings per share of 0.94 Singapore cents, up from 0.57 Singapore cents a year ago.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation
US: Wall St opens higher on megacap strength, Fed verdict awaited
IReit Global occupancy rate grows to 91.5% in Q1
Yen surges against US dollar on suspected intervention