Mainboard-listed construction firm Lian Beng has posted a net profit of S$11.4 million for the nine months to February, a 31 per cent rise on-year.
Revenue for the period increased by 55 per cent to S$230 million, driven by a rise in construction activity.
The firm currently has an order book of S$586 million.
But in view of uncertainties in the economic climate, Lian Beng says the next 12 months are expected to be relatively challenging for the construction industry.
However the firm says it will leverage its track record to secure more projects from the public sector.
It is also looking at ways to manage its costs more effectively.
Source : Channel NewsAsia – 14 Apr 2009