Speaking after the board meeting to approve the unaudited financial statement, non-executive chairman Tan Sri Lim Keng Cheng (File pic) said: “We are delighted with the results and it proves the capability of the group in delivering results to its customers, clients and all stakeholders."
KUALA LUMPUR: Lim Seong Hai Capital Bhd
(LSH Capital) posted a revenue of RM65.43mil, a 57.25% increase, in the first half-year ended March 31, 2022, compared with RM41.61mil in the same period last year.
The growth was mainly supported by the consolidation of LSH BEST Builders Sdn Bhd, which was acquired in October 2021.
The group’s profit after tax increased by 123.7% to RM12.44mil from RM5.56mil previously.
LSH Capital has announced an interim single-tier dividend of 1.05 sen per ordinary share amounting to about RM3.73mil in respect of the financial year ending Sept 30, 2022.
Speaking after the board meeting to approve the unaudited financial statement, non-executive chairman Tan Sri Lim Keng Cheng (File pic) said: “We are delighted with the results and it proves the capability of the group in delivering results to its customers, clients and all stakeholders.
“With the vision that we have to transform the LSH Capital Group into a well-known household name in the construction industry, we are on the right track to achieve this ambition”.
The group had recently announced a series of corporate proposals that will expand its reach into property and construction-related activities.
The move is done to further enhance and support the existing businesses of Lim Seong Hai Lighting Sdn Bhd (LSH Lighting) and Knight Auto Sdn Bhd as it will provide secured volume requirements for projects undertaken by the enlarged LSH Capital Group.
This is expected to provide operating efficiencies and mitigate some of the collection risk as compared to supplying to third parties.
The property and construction-related businesses will be the catalyst of growth for LSH Capital Group, moving forward.
“Barring any unforeseen circumstances and the smooth transition to the endemic phase of Covid-19, the board is confident that the group’s prospects for the financial year ending Sept 30, 2022 will remain favourable,” said Lim.
