LBS Bina Group’s net profit up 14% in 2Q 2010

KUALA LUMPUR: LBS Bina Group Bhd posted revenue of RM110.7 million and net profit of RM1.3 million for its second quarter (2Q) ended June 30, 2010, up 32% and 114% respectively compared with the same period a year ago.

For its second quarter (2Q), the company recorded revenue of RM70.8 million and net profit of RM700,000, up 77% and 14% respectively compared to the preceding quarter.

The company said on Thursday, Aug 26 that in view of the current positive signs of regional financial recovery, it is developing more medium- to high-end projects to cater for the demand.
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