KUALA LUMPUR: LBS Bina Group Bhd ’s net profit for its fourth quarter ended Dec 31, 2021 rose to RM35.50mil from RM20.69mil in the previous corresponding period. This was driven by better performances from the group’s property development and construction and trading divisions. In a filing with Bursa Malaysia yesterday, LBS Bina said revenue in the fourth quarter grew to RM441.84mil from RM294.52mil a year earlier. For 2021, LBS Bina said its property development segment achieved higher revenue and pre-tax profit. Separately, LBS Bina said its construction and trading division achieved revenue and pre-tax profit of RM582mil and RM37mil, respectively, in 2021, as compared to a revenue of RM498mil and pre-tax profit of RM11mil in 2020.
