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NewsLBS Bina chalks up pre-tax profit of RM14m
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LBS Bina chalks up pre-tax profit of RM14m
by hlk Wed 30 May 2012, 22:36
LBS Bina Group Bhd has chalked up a pre-tax profit of RM14 million and
a revenue of RM112 million for the three months ended March 31,2012.
These represented a 46 per cent increase in revenue and an eight
per cent decrease in pre-tax profit over the results achieved in the
corresponding period in 2011, the group said in a statement.
The improved revenue for the current quarter was attributable to
progressive recognition of revenue and profit contribution from its
on-going projects while the decrease in pre-tax profit was mainly due
to increased project costs.
As of May 29, the group achieved sales of approximately RM413 million.
With the group's on-going projects and unbilled sales
of approximately RM715 million, as at April 30, LBS Bina is confident
of achieving better results in the current financial year. -- Bernama
a revenue of RM112 million for the three months ended March 31,2012.
These represented a 46 per cent increase in revenue and an eight
per cent decrease in pre-tax profit over the results achieved in the
corresponding period in 2011, the group said in a statement.
The improved revenue for the current quarter was attributable to
progressive recognition of revenue and profit contribution from its
on-going projects while the decrease in pre-tax profit was mainly due
to increased project costs.
As of May 29, the group achieved sales of approximately RM413 million.
of approximately RM715 million, as at April 30, LBS Bina is confident
of achieving better results in the current financial year. -- Bernama
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