Other operating income tripled to $10.5 million in 1Q18 from $3.35 million in 1Q17, mainly due to the group’s gain on disposal of its Australian investment property at 247 and 249 Collins Street, Melbourne.
SINGAPORE (Oct 12): Construction firm and property developer Lian Beng Group reported earnings of $8.9 million for the 1Q18, down 29.4% from $12.7 million in 1Q17 due to lower profits from its construction segment.
Revenue for the three months to Sept nearly halved to $37.2 million from $70.8 million a year ago due to a decrease in revenue from the construction segment.
