Lian Beng

Lian Beng clinches contract for The Scala condo at Serangoon

Homegrown building construction company Lian Beng has clinched a S$119.5 million contract to build The Scala - a 99-year leasehold condominium development located at Serangoon Avenue 3. The contract was awarded by the Hong Leong Group and covers the construction of five 17- to 18-storey blocks. It also covers the construction of podium and basement carparks, clubhouse, and other recreational and communal...

Lian Beng reports full-year profit of S$24m

Homegrown building construction company Lian Beng has reported a profit of S$24 million for the full year ended May. This was a 41.3 per cent increase compared to the same period a year ago. The company said this was driven by strong performance across the construction, property development and ready-mixed concrete divisions. Revenue for the year stood in at S$345.7 million, a 12.1 per cent increase...

Lian Beng lands S$95m contract to build The Laurels

Mainboard listed construction company Lian Beng has secured a S$95 million contract from Sing Holdings to build The Laurels. The Laurels is a premium condominium development at Cairnhill Road. This is Lian Beng's third contract within a month, following the company's recent awards to build "Centro Residences" and "Waterbank at Dakota". The value of contracts secured since mid March stands at S$317...

Lian Beng wins S$78m construction deal to build Centro Residences condominium

Homegrown developer Lian Beng Group has secured a S$78 million construction deal to build Centro Residences, a condominium development located just opposite Ang Mo Kio MRT Station. The contract was awarded by the Far East Group and covers the construction of a 34-storey residential tower with a multi-storey carpark, clubhouse, swimming pool and playground. Work on the development is expected to start in...

Lian Beng posts 168% surge in profit after tax to $5.4m for Q1

Building construction group Lian Beng has reported a 168% surge in profit after tax to $5.4 million for the first quarter of its 2010 financial year, compared to $2 million a year ago. This was achieved on the back of a 128.6% rise in revenue to $85.1 million. Lian Beng says the growth in revenue was driven by revenue recognition from the completion of projects like Ferraria Park, Sixth Avenue Condominium...

Lian Beng wins S$101m contract for Waterfront Key project in Bedok

Construction firm Lian Beng has clinched a contract worth S$101 million to build a residential project at Bedok Reservoir called Waterfront Key. The contract was awarded by FCL Peak, a joint venture between Frasers Centerpoint and Far East Organization. It covers the construction of about 440 apartment units in eight blocks, together with a basement car park, swimming pool and other facilities. Work on...

Lian Beng’s full year profit up 43% to S$17m

Mainboard-listed construction firm Lian Beng Group said Wednesday its full year net earnings rose 43 per cent from a year earlier to S$17 million. This was on the back of a 58 per cent jump in revenue to S$308.4 million for the financial year ended May. Lian Beng said its business activity level remained high despite generally softer market conditions. The company secured five construction projects...

Lian Beng Group posts net profit of $17.2m for FY09, to pay 0.6 cps in dividends

Homegrown building construction group Lian Beng has posted a 43.3% gain in net profit to $17.2 million for the financial year ended May 31 (FY09), compared to $12 million in FY08. The record profit was achieved on the back of a 58.3% jump in revenue to $308.4 million, from $194.8 million in FY08. Lian Beng says its construction division remained its key growth driver, contributing the bulk of total...

Lian Beng posts net profit of S$11.4m for 9 months to Feb

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...

Lian Beng reports 9% rise in H1 profit to S$8.8m

Singapore-listed construction firm Lian Beng has posted a nine per cent increase in its first half net profit. Net earnings for the six months ended November rose to S$8.8 million from S$8.1 million a year ago. This was on the back of a 42 per cent jump in revenues to S$151 million on progress made in various construction projects. Lian Beng said demand for construction services has softened amid the...

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