LBS Bina records property sales of RM684m as at end-July


LBS executive chairman Tan Sri Lim Hock San said on Wednesday the company was on track to meet its target launches of 16 projects which have an estimated gross development value of RM2.10bil.

KUALA LUMPUR: LBS Bina Group Bhd has recorded property sales of RM684mil with bookings in the pipeline of RM651mil for this year up to July 31.

LBS executive chairman Tan Sri Lim Hock San said on Wednesday the company was on track to meet its target launches of 16 projects which have an estimated gross development value of RM2.10bil.

“From a marketing standpoint, we have certainly adapted as we shifted our focus towards our digital marketing efforts in order to cater to the circumstances we are in,” he said in a statement after the group’s virtual AGM.

He thanked the shareholders for staying with it through challenging times it has experienced during the pandemic.

“We are nevertheless focused on ensuring that LBS puts in a good performance for the second half of the year,” Lim said.

LBS said all 12 resolutions presented for consideration were passed by its shareholders, including the payment of a single-tier first and final dividend of 1.45 sen per ordinary share for the financial year ended Dec 31, 2020.

The dividend totalling RM22.60mi will be paid on Sept 22 to the shareholders whose names appear in the record of depositors on Aug 27.

Lim said the company looks forward to continue repaying its shareholders as it takes LBS forward.

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