“The results reflect Lian Beng Group’s adaptability to the rapidly changing industry conditions. We are glad to have been able to close the half year with a healthy cash level and order book,” says Ong Pang Aik, Lian Beng’s chairman and managing director.
Lian Beng Group has reported that earnings for the 1HFY203 ended Nov 30 increased by 48% y-o-y to $22 million. Revenue in the same period was up 11.6% to $421 million.
The company, which is in construction but also adjacent areas such as property development, plans to maintain an interim dividend of a cent per share.
