L03 - Lian Beng Group Ltd

Lian Beng Group Ltd.1 is a Singapore-based investment holding company that operates through its subsidiaries. The Company has four business segments. The construction segment is engaged in the general construction of building, provision of civil engineering works and training of construction workers. The engineering and leasing of construction machinery segment is engaged in the provision of engineering works, and sale, rental and maintenance of construction machinery and equipment.

The property development segment is engaged in the development of properties. The investment holding segment invests and manages properties. Effective January 1, 2007, the Company disposed of its entire 50% interests in Lian Beng Energy Pte. Ltd. to Manhattan Resources Limited. This disposal represents the discontinuance of the over-burden works business segment of the Company. In July 2007, the Company acquired the remaining 40% interest in Rocca Investments Pte Ltd.

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SUMMARY

Industry Building Construction
Address 25 Playfair Road, Lian Beng Building Singapore 367990 Singapore
Phone 6562831468
Fax 6562809360

NEWS

Contractor Lian Beng Group yesterday said that trade receivables has increased $11.8 million 'as the group has yet to receive payments for some of its progress billings'. This was despite a fall in revenue for its first quarter to Aug 31, to $36.2 million from $42 million a year ago. Net profit, however, doubled to $2 million from $998,000 on lower cost of goods sold. From the year ago period, earnings per share rose to 0.36 of a cent from 0.21 cent.

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