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SLB sinks into the red with 3Q losses of $3.5 mil on lower revenue

Samantha Chiew
Samantha Chiew • 2 min read
SLB sinks into the red with 3Q losses of $3.5 mil on lower revenue
SINGAPORE (Apr 12): SLB Development, the development spin-off from Lian Beng Group, today announced that it has made a loss of $3.5 million in 3Q19, compared to earnings of $1.9 million in 3Q18.
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SINGAPORE (Apr 12): SLB Development, the development spin-off from Lian Beng Group, today announced that it has made a loss of $3.5 million in 3Q19, compared to earnings of $1.9 million in 3Q18.

This was mainly due to lower revenue and share of losses from joint ventures and associates.

For the 9M19 period, the group recorded a loss of $6.5 million, compared to earnings of $14.5 million in 9M18.

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SLB Development
Lian Beng Group
3Q losses

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