PETALING JAYA: LBS Bina Group Bhd
, which has a strong positioning in affordable housing, enjoys double-digit profit margins led by cost-control and operational efficiency.
In a note where it initiated coverage on the property developer, Mercury Securities said the company’s profitability remains robust, with profit before tax margins of 13% to 14% in the financial years of 2022 and 2024 (FY22 to FY24).
