Stronger fourth quarter seen for LBS Bina
Strong footing: A model of LBS Bina’s Alam Perdana project. As at Nov 26, 2018, the group’s new property sales stood at RM1.5bil,
KUALA LUMPUR: LBS Bina Group Bhd 
’s core net profit for the first nine months of 2019 was in line, at 62%, with CIMB Equities Research and Bloomberg consensus full-year estimates.
“We deem the results in line as we expect a stronger fourth quarter due to higher revenue recognition from ongoing projects,” CIMB Research said in a research note.
On the financial results for the nine months ended Sept 30, 2018, it said core net profit fell 1% year-on-year (y-o-y) due to higher operating expenses (+11.2% y-o-y) arising from costlier staff and marketing costs.
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