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.