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Jul
31

Lian Beng’s FY11 net profit increases 100.7% to S$48.6mil; proposes dividends of 1.6 cents per share (28 Jul 11)

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  • Revenue: +21.0% (4Q11), +46.7% (FY11)
  • Net Profit: +73.8% (4Q11), +100.5% (FY11)
  • Press Release: Revenue increased 46.7% to S$507.3 million from S$345.7 million in FY10 
  • Cash and cash equivalents at a healthy S$149.9 million as at 31 May 2011, up 111.7% from S$70.8 million as at 31 May 2010
  • Proposed dividends of 1.6 cents per share for FY11 is 100% more than 0.8 cents per share in FY10 and represents a stellar 4.2% dividend yield
  • Robust order book of S$839 million to contribute towards top line through FY14
  • Outlook: The Group was awarded two building contracts worth about $280 million for the construction of private residential developments, namely Waterfront Isle and Hedges Park.
  • With the addition of these contracts, Group's order book to date stood at $839 million. 
  • This should provide it with a constant flow of activities through FY2014.
  • In July 2011, the Group has completed the sale of the property at New Industrial Road.
  • This is expected to contribute positively to the performance of the Group for the first quarter ending 31 August 2011.
  • In March 2011, the Group has shifted its headquarters at Playfair Road to its new building at Harrison Road.
  • This would free the building at 25 Playfair Road with an area of 17,857 square feet for lease.
    FINANCIAL RECORDS

    Revenue (SGD '000)

    FY 1Q 2Q 3Q 4Q Total
    2011 112,300 136,983 130,653 127,366 507,302
    2010 85,111 72,483 82,880 105,231 345,705
    2009 37,231 113,744 79,168 78,230 308,373
    2008 41,975 64,317 42,199 46,305 194,796

    FY 1H 2H Total
    2007 86,336 62,223 148,559
    2006 99,876 89,573 189,449
    2005 62,298 86,190 148,488
    2004 NA NA 125,237
    -----------------------------------------------------------
    Earnings (SGD '000)

    FY 1Q 2Q 3Q 4Q Total
    2011 10,922 11,656 14,051 11,553 48,182
    2010 5,281 6,019 6,088 6,648 24,036
    2009 1,926 6,859 2,658 5,569 17,012
    2008 966 7,093 649 3,185 11,893

    FY 1H 2H Total
    2007 2,198 1,395 3,505
    2006 1,327 508 1,835
    2005 249 1,128 1,377
    2004 NA NA 620
    -----------------------------------------------------------
    Dividends

    FY Interim Final Special (SGD)
    2011 NA 0.01000 0.00600
    2010 NA 0.00400 0.00400
    2009 NA 0.00400 0.00200
    2008 NA 0.00472 NA
    2007 NA 0.00220 NA
    2006 NA 0.00220 NA
    2005 NA 0.00220 NA
    -----------------------------------------------------------
    Bonus / Rights / Stock Split

    Date Type Details

    NA

    -----------------------------------------------------------
    Share Data (SGD)

    NAV = $0.3545
    EPS = $0.091 (12M FY11)
    No of Shares = 529,760,000



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