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PR Newswire
20-04-2011, 01:27 PM
SINGAPORE, 12 April 2011 – Singapore’s major homegrown building construction group, Lian Beng Group Ltd, has turned in another stellar quarter as net profit doubled to $36.6 million for the nine months ended February 2011 (9MFY11), from $17.4 million for the nine months ended
February 2010 (9MFY10). The strong bottomline growth was achieved on the back of a 58% increase in revenue to $380.0 million.
Cash and cash equivalents of the Group increased by $69.3 million to $119.2 million as at 28 February 2011, compared to $49.9 million recorded in the previous corresponding period.
As at 28 February 2011, the Group’s order book stood at a healthy $661 million, which should provide it with a steady flow of revenue through FY2013.
Current share price is priced at S$0.365 and the share price was at S$0.28 on 31st Aug 2010
(Vested)
February 2010 (9MFY10). The strong bottomline growth was achieved on the back of a 58% increase in revenue to $380.0 million.
Cash and cash equivalents of the Group increased by $69.3 million to $119.2 million as at 28 February 2011, compared to $49.9 million recorded in the previous corresponding period.
As at 28 February 2011, the Group’s order book stood at a healthy $661 million, which should provide it with a steady flow of revenue through FY2013.
Current share price is priced at S$0.365 and the share price was at S$0.28 on 31st Aug 2010
(Vested)