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NET profit at construction-focused Lian Beng Group fell 24.3 per
cent for the full year ended May 31, in the absence of a one-off gain
that boosted the bottom line in the previous financial year.
Profit attributable to owners of the parent was S$39.4 million for financial year 2013, compared with S$52.1 million a year ago. Earnings per share (EPS) was 7.45 Singapore cents for FY2013, down from the 9.83 Singapore cents in FY2012.
Lian Beng's top line registered a growth of 13.6 per cent to S$505.6 million from a year ago. This was primarily due to higher contributions from its construction and ready-mixed concrete businesses, which make up about 95 per cent of all revenue. The company's third core business of property development posted lower income.
But the bottom line was hit by a 55.9 per cent plunge in other operating income to S$6.4 million. The company had booked a S$7.9 million gain from the sale of an investment property in the previous work year.
Profit attributable to owners of the parent was S$39.4 million for financial year 2013, compared with S$52.1 million a year ago. Earnings per share (EPS) was 7.45 Singapore cents for FY2013, down from the 9.83 Singapore cents in FY2012.
Lian Beng's top line registered a growth of 13.6 per cent to S$505.6 million from a year ago. This was primarily due to higher contributions from its construction and ready-mixed concrete businesses, which make up about 95 per cent of all revenue. The company's third core business of property development posted lower income.
But the bottom line was hit by a 55.9 per cent plunge in other operating income to S$6.4 million. The company had booked a S$7.9 million gain from the sale of an investment property in the previous work year.
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