Lian Beng's net profit rises 19% on back of record revenue
Published on Jul 23, 2014 6:24 PM
SINGAPORE - Construction and real estate company Lian Beng Group has reported a 19.4 per cent rise in net earnings to $87.1 million.
Revenue for the year to May 31 jumped by 49.1 per cent to $753.9 million.
Lian Beng attributed its record turnover to higher revenues in almost all its business segments.
External sales of construction segment increased by 12.7 per cent to $424.7 million while external sales of ready-mixed concrete improved by 7.3 per cent to $111 million.
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