Lian Beng Group has posted a net profit of $30.13 million for the first half ended November, up 33.4% compared to the year ago period, boosted by the sale of a property at New Industrial Road.
However, revenue fell 4.7% from a year ago to $237.67 million due to lower construction work recognised in the construction segment.
Lian Beng says it is still cautiously optimistic of the outlook for the construction industry for the next 12 months.
Its order book stood at $772 million on Nov 30.
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