LBS ANNOUNCES STRONG 3QFY23 RESULTS WITH EMPHASIS ON SUSTAINABILITY

PETALING JAYA: LBS Bina Group Berhad has unveiled its third-quarter results, demonstrating robust financial growth while reaffirming its commitment to Environmental, Social, and Governance (ESG) initiatives.

In 3QFY23, LBS reported a commendable year-on-year increase of 14.2% in Profit After Tax (PAT) amounting to RM44.7mil, accompanied by a 13.8% rise in Profit After Tax and Minority Interest (PATMI) reaching RM40.2mil. These achievements were supported by a solid revenue of RM471.5mil, largely driven by enhanced construction activities in key projects like KITA@Cybersouth, LBS Alam Perdana, Bukit Jalil projects, Idaman projects, and Prestige Residence.