PETALING JAYA: LBS Bina Group Bhd’s net profit more than doubled to RM25.15mil for the period between January and March this year compared to RM9.34mil a year ago.
In a filing with Bursa Malaysia, the group said revenue for the first quarter ended March 31,2021, jumped by 35% to RM402.55mil compared to RM299.27mil previously.
The property development group attributed the stellar performance of its topline and bottom line to positive take-up rates at its projects as well as steady construction progress, thanks to the relaxation of the movement control order (MCO) during the period.