LBS after-tax profit soars 96% in Q3

The Star LogoThe Star2 mo ago

LBS after-tax profit soars 96% in Q3 - The Star

Quick Summary:

LBS Bina Group Bhd reported a strong set of results for the third quarter of its financial year ending Dec 31, 2022 (3Q22), driven by an impressive revenue of RM528.9mil, which grew 108% year-on-year from RM254mil in 3Q21.

This should provide us with leverage to close 2022 on a positive note,’ says executive chairman Lim.

The increase was largely attributable to the positive take-up rates of LBS’ key projects in Bukit Jalil, LBS Alam Perdana, KITA @ Cybersouth and Alam Awana Industrial Park.

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Article Details

Category: Economy



Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-23 @ 00:00:00 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1266 (out of 3798 stories this day)

News Source URL:

Language: English

Article Length: 625 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 1870482

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Update Frequency: 11 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 6 hours ago

Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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