SLB Development, the property development subsidiary of construction firm Lian Beng Group, has posted earnings of $5.54 million for the 1HFY2021 ended November, registering a marginal 0.9% increase compared to earnings of $5.49 million a year ago.

This translates to earnings per share (EPS) of 0.61 cents on a fully diluted basis, compared to 0.60 cents in 1HFY2020.

Revenue for the 1HFY2021 fell 4.9% y-o-y to $19.0 million due to the implementation of safe management measures at work sites, thereby causing a slowdown in the construction progress of the group’s projects.

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