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
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...
Homegrown construction group Lian Beng has clinched a contract worth S$99.5 million to build a high-end residential project at Cairnhill Road. Lian Beng will build The Ritz-Carlton Residences through its Millennium International Builders unit. The deal was awarded by Royce Properties, a subsidiary of Hayden Properties. The project is the first luxury condominium project to be launched by The...