Lum Chang's Attributable Profit Declines 4% in Fiscal H1; Shares Up 5%

MT Newswires

02-17

Lum Chang's (SGX:L19) attributable profit to equity holders declined 4% in fiscal H1 to SG$3.5 million from SG$3.6 million a year earlier, a filing with the Singapore Exchange said on Friday.

Loss per share trimmed to SG$0.0093 compared with SG$0.0096 in the comparable period.

Revenue was up 3% year over year to SG$239.0 million from SG$232.6 million, due to higher revenue from the construction segment.

Shares of the construction and development company were up over 5% in recent trading.

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