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LHN’s FY16 earnings triple on associate results

Gwyneth Yeo
Gwyneth Yeo11/29/2016 11:33 AM GMT+08  • 1 min read
LHN’s FY16 earnings triple on associate results
SINGAPORE (Nov 29): LHN Group’s FY16 earnings tripled to $15.1 million, from $4.2 million in FY15.
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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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