Lum Chang Creations' Net Profit Jumps 49% in Fiscal H2; Shares Down 6%
MT Newswires08-26 10:09
Lum Chang Creations' (SGX:LCC) attributable net profit rose 49% to SG$11.3 million in the second half of the fiscal year ended June 30, from SG$7.6 million a year ago, according to a Tuesday filing to the Singapore Exchange.
Earnings per share climbed to SG$1.79 from SG$1.36 a year earlier, the urban revitalization company said.
Revenue, however, fell 34% to SG$48.1 million from SG$72.7 million.
The company's board has proposed a final dividend of SG$0.01 per share for the fiscal year ended June 30.
The company's shares were down nearly 6% in early trade on Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
