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New contract brings Lian Beng's order book to $2.1 billion

The Edge Singapore
The Edge Singapore3/7/2023 06:00 PM GMT+08  • 1 min read
New contract brings Lian Beng's order book to $2.1 billion
Lian Beng chairman and MD Ong Pang Aik / Photo: The Edge Singapore
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Lian Beng Group has won a new construction project which brings its total order book in Singapore to $2.1 billion.

These contracts will provide a "sustainable" flow of activity through FY2021 ending May 2027.

In the company's most recent update on Feb 2, its total order book was $1.9 billion.

For its 1HFY2023 ended Nov 30 2022, the company announced earnings of $22 million, up 48% y-o-y. Revenue in the same period was up 11.6% to $421 million, as construction activities resuming with the pandemic easing.

Lian Beng shares closed March 7 at 53 cents, unchanged for the day.

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