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Lian Beng posts higher Q1 receivables

com.sg » 2008 » October » 15th » Lian Beng posts higher Q1 receivables

Tagged: companies and markets

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 … Continue Reading »

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