SINGAPORE (Nov 29): LHN Group’s FY16 earnings tripled to $15.1 million, from $4.2 million in FY15.
The earnings boost came from the $6.7 million increase in its share of earnings from associated companies and joint ventures, as well as a $2.1 million fair value gain on investment properties.
For the year to September, revenue rose 8.6% to $104.7 million on higher rental income and warehouse service fees at its space optimisation business segment, and higher revenue contributions at its facilities management and logistics services segments.
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