LSH profit up 275% in H1


“The revenue that has yet to be recognised from our secured contracts amounting to approximately RM65.18mil as at March 31 is also expected to contribute towards LSH’s revenue until 2024,” non-executive chairman Tan Sri Lim Keng Cheng (pic) said

PETALING JAYA: Lim Seong Hai Capital Bhd’s (LSH) net profit for the first half ended March 31, 2021 rose 275% to RM5.56mil from RM1.48mil in the previous corresponding period on stronger secured orders.

Revenue increased 85% to RM41.61mil from RM22.49mil a year ago.

“The revenue that has yet to be recognised from our secured contracts amounting to approximately RM65.18mil as at March 31 is also expected to contribute towards LSH’s revenue until 2024,” non-executive chairman Tan Sri Lim Keng Cheng said in a statement yesterday.

The company is bound for listing on the LEAP Market on July 30.

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