Lian Beng posts 25.7% fall in 9-mth profits

By

Teo Si Jia

         

Construction firm Lian Beng Group on Thursday reported a 25.7 per cent fall in its net profit for the three quarters to S$30.14 million from S$40.56 million a year ago - PHOTO: SPH

Construction firm Lian Beng Group on Thursday reported a 25.7 per cent fall in its net profit for the three quarters to S$30.14 million from S$40.56 million a year ago.

 

It attributed the fall to higher operating expenses, which grew 32.5 per cent to S$3.85 million, lowering its gross profit margin.

Turnover for the nine-month period ended Feb 28 rose 5.1 per cent to S$350.66 million from S$333.65 million a year earlier.

The group's order book currently stands at S$986 million, with projects running into FY2016.