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SLB Development reports 91.8% surge in 2HFY2022 earnings of $16.6 mil

Felicia Tan
Felicia Tan • 2 min read
SLB Development reports 91.8% surge in 2HFY2022 earnings of $16.6 mil
Matthew Ong, executive director and CEO of SLB. Photo: Samuel Isaac Chua/The Edge Singapore
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Catalist-listed SLB Development has reported earnings of $16.6 million for the 2HFY2022 ended May, 91.8% higher than the earnings of $8.7 million in the same period the year before.

SLB Development is the property development subsidiary of construction firm Lian Beng Group.

This has brought the property developer’s earnings for the FY2022 to $29.1 million, more than double the $14.0 million in earnings for the FY2021.

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