In light of the <a href="https://www.theedgesingapore.com/capital/results/slb-developments-expects-loss-2hfy2023-profit-guidance">profit guidance issued by SLB Development</a>, Lian Beng Group says it expects to record lower profits for its FY2023 ended May 31.

SLB Development is a property development subsidiary of Lian Beng.

In its own profit guidance filing, Lian Beng notes that it will not be releasing its financial results announcement for FY2023, pursuant to a waiver granted by SGX-ST on July 18 <a href="https://www.theedgesingapore.com/news/company-news/lian-beng-loses-free-float-ong-family-compulsory-acquire-remaining-shares">in relation to its privatisation</a>.

Shares in Lian Beng closed flat at 68 cents on July 20.

Lian Beng expects lower profits for FY2023 after subsidiary SLB Development issues profit guidance

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