Lian Beng Group Ltd. recommended interim tax exempted (1-tier) cash dividend of SGD 0.01 per unit for the period ended 30 November 2016. The proposed interim dividend will be payable on 26 January 2017. dividend. Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares 19 January 2017 will be entitled to the proposed dividend.

The company announced unaudited consolidated earnings results for the second quarter and six months ended November 30, 2016. For the quarter, the company reported revenue of SGD 49,221,000 compared to SGD 129,990,000 a year ago. Profit before taxation was SGD 8,004,000 compared to SGD 25,683,000 a year ago. Profit for the period was SGD 6,847,000 compared to SGD 24,278,000 a year ago. Profit attributable to owners of the company was SGD 5,716,000 or 1.14 cents per basic and diluted share compared to SGD 22,868,000 or 4.53 cents per basic and diluted share a year ago. Net cash flows from operating activities were SGD 2,778,000 compared to net cash flows used in operating activities of SGD 30,502,000 a year ago. Purchase of property, plant and equipment was SGD 889,000 compared to SGD 2,689,000 a year ago.

For the six months, the company reported revenue of SGD 120,022,000 compared to SGD 265,612,000 a year ago. The decrease in revenue was mainly due to a decrease in revenue generated from the construction segment and ready-mixed concrete segment. Profit before taxation was SGD 23,607,000 compared to SGD 60,314,000 a year ago. Profit for the period was SGD 20,362,000 compared to SGD 57,869,000 a year ago. Profit attributable to owners of the company was SGD 18,377,000 or 3.68 cents per basic and diluted share compared to SGD 55,137,000 or 10.89 cents per basic and diluted share a year ago. Net cash flows used in operating activities were SGD 8,280,000 compared to SGD 47,152,000 a year ago. Purchase of property, plant and equipment was SGD 1,388,000 compared to SGD 3,519,000 a year ago.