SINGAPORE (May 29): Ley Choon Group, the infrastructure construction company, bounced back into profitability in FY17 with full-year earnings of $17.7 million.
This came on the back of four straight quarters of profitability. In FY16, the group made a net loss of $60 million.
The bottomline growth was supported by a strong 37.2% growth in its revenue to $115.4 million from $84.1 million. The significant improvement was due mainly to higher income recognised from its contracts carried out by its Pipes and Roads business segment, which was sufficient to offset the lower revenue recognised from the contracts for its Construction Materials segment.