KUALA LUMPUR: LBI Capital Bhd
sees continued challenges over the remainder of the year as the current high inflation rate and expected increases in interest rate are expected to directly affect the property development business.
Further, the property developer noted the ongoing interruption in the supply chain and labour availability are expected to drive up construction costs.
In the third quarter ended Sept 30, 2022, LBI Capital recorded a net profit of RM423,000, which was about twice the net profit in the same quarter a year ago.
Basic earnings per share rose to 0.38 sen from 0.2 sen in 3QFY21
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