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Lum Chang's full-year earnings flat at S$29.52m

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Published Mon, Aug 29, 2016 · 09:50 PM

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Lum Chang

Singapore

CONSTRUCTION cum development group Lum Chang Holdings reported a one per cent dip in net profit for the full year ended June 30 to S$29.52 million. This was despite a 36 per cent surge in revenue to S$426.1 million and a S$14.6 million share of profits of associated firms.

The flat results were due to fair value loss on investment properties and an absence of divestment gains.

Lum ChangConstruction

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