Lum Chang's Attributable Profit Surges 224% in Fiscal H2

MT Newswires

Sep 01

Lum Chang's (SGX:L19) net attributable profit to equity holders surged 224% during the fiscal second half of the year ended June 30 to SG$12.1 million from SG$3.7 million a year earlier, according to a Friday filing with the Singapore Exchange.

Shares of the company were up over 2% in Monday trading.

Earnings per share rose to SG$0.0323 compared with SG$0.0099 in the comparable period.

Revenue fell 16% year over year to SG$223.8 million from SG$267.8 million, mainly due to lower revenue from the construction and property segments.

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