Sunday, May 24, 2015Sunday, May 24, 2015

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.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!