Stronger contribution from Malaysian unit lifts earnings of Lum Chang by 2%
Stronger contribution from a Malaysian subsidiary lifted Lum Chang Holdings' net profit by 2 per cent to $21.5 million.
Revenue for the year ended June 30 climbed by 75 per cent to $494.6 million.
This was mainly due to the start of revenue recognition for two construction projects, which reported revenues amounting to $125.4 million.
Higher revenue of $39.2 million was also due to the completion of more phases at one of the group's Malaysian development.