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Lian Beng 4Q earnings drop 70% to $16.7 mil on absence of one-off gain

Samantha Chiew
Samantha Chiew7/30/2019 7:16 PM GMT+08  • 2 min read
Lian Beng 4Q earnings drop 70% to $16.7 mil on absence of one-off gain
SINGAPORE (July 30): Local construction group Lian Beng reported 4Q19 ended June earnings fell 69.5% to $16.7 million from $55 million in 4Q18.
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SINGAPORE (July 30): Local construction group Lian Beng reported 4Q19 ended June earnings fell 69.5% to $16.7 million from $55 million in 4Q18.

This brings FY19 earnings to $30.8 million, 62.4% lower than $82.0 million reported in FY18.

However, had the new SFRS (I) not been adopted, group earnings for FY19 would have been $61.1 million, 12.9% higher than $54.4 million in FY18.

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