LBS Bina reaps higher 9-month revenue

LBS Bina Group Bhd has chalked up higher revenue and pre-tax profit for the nine-month period ended Sept 30, 2011 of about RM302 million and RM46 million, respectively.

This represents 59 per cent improvement in revenue and 2113 per cent pre-tax profit in the same period last year, the company said in a statement.

For the current quarter under review, the group earned RM125 million revenue and RM16 million pre-tax profit, respectively.

"This represents a 57 per cent improvement in revenue and 230 per cent rise in pre-tax profit in the same quarter last year," it said.

The company attributed the better growth to its ongoing projects with good take-up rates such as D’Island Residence in Puchong, Topaz III, Ivory Residences I & II, Indigo Homes and Lavender II in Bandar Saujana Putra.

Other commercial and industrial projects such as the Tasik Perdana Industrial Park in Puchong and Saujana Business Park in Bandar Saujana Putra also contributed to the company's good showing in the third quarter.

By Bernama