Lian Beng Group Ltd has posted a net profit of $36.6 million for the nine months to Feb 28, up 110.7% compared with the year-earlier period. Revenue in the same period was up 58% y-o-y to $380 million, led by higher contribution across all its major businesses in property development and building-material supply. The company is “cautiously optimistic” about the construction industry’s outlook for the coming year. Lian Beng’s order book as at Feb 28 stood at $661 million, for fulfilment to 2013.
No comments:
Post a Comment