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SLB Development to report 'significant increase' in net profit for 1HFY22; Lian Beng Group expects lower performance

Felicia Tan
Felicia Tan1/6/2022 6:21 PM GMT+08  • 1 min read
SLB Development to report 'significant increase' in net profit for 1HFY22; Lian Beng Group expects lower performance
Both SLB Development and Lian Beng Group will release their results on or before Jan 14.
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SLB Development, a subsidiary of Lian Beng Group, has issued a positive profit guidance for the 1HFY2022 ended Nov 30, 2021.

In its guidance, SLB Development says the group is expected to report a “significant increase” in its consolidated net profit for the period, compared to the corresponding period the year before.

The expected increase in profit is mainly attributed to the substantial sales of units in SLB Development’s property development projects and recognized as the projects’ construction progressed, says the group.

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