LBS Bina Group Bhd
’s unaudited financial results for 2023 show that the company achieved revenue of RM596.7mil in the fourth quarter (4Q23) – marking a significant increase of 58.9% compared to the corresponding quarter the previous year which recorded RM375.6mil.
This notable surge in revenue was predominantly attributed to the property development segment’s 60.2% increase, which contributed RM571.2mil to the total revenue.
The group’s profit after tax also experienced a considerable rise, reaching RM41.1mil, translating to a surge of 31.2%.
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