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Lian Beng posts 71% fall in 9M earnings to $21 mil on lower sales

PC Lee
PC Lee • 2 min read
Lian Beng posts 71% fall in 9M earnings to $21 mil on lower sales
SINGAPORE (April 12): Lian Beng, the construction and property group, posted a 83.5% fall in 3Q17 earnings to $2.9 million from a year ago.
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SINGAPORE (April 12): Lian Beng, the construction and property group, posted a 83.5% fall in 3Q17 earnings to $2.9 million from a year ago.

This came on the back of a 64.3% fall in revenue to $36.2 million, dragged down by lower sales from the construction segment and ready-mixed concrete segment.

For the 9M17 ended Feb, earnings fell 70.7% to $21.2 million. Revenue fell 57.4% to $156.2 million.

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