Other operating income grew 65.9% to $17.1 million from $10.1 million previously due to a gain on disposal of investment properties at 247 and 249 Collins Street, Melbourne, Australia, by Lian Beng Ventures (Melbourne).
SINGAPORE (Apr 12): Lian Beng Group announced earnings of $16.8 million for the nine months ended Feb 2018, down 20.6% from $21.2 million a year ago on lower revenue, higher costs and expenses, as well as lower results of associates and joint ventures.
Revenue for 9M fell 6.2% to $146.5 million from $156.2 million a year ago, largely due to lower contributions from the construction segment. This was offset in part by higher revenue from the investment holding and ready-mixed concrete segments.
