LBS’S PATMI HITS 11-YEAR HIGH ON STRATEGIC RESTRUCTURING AND PORTFOLIO ENHANCEMENT
LBS Bina Group Berhad achieved a 63.5% surge in PATMI for FYE2024, reaching RM240.2 million, driven by strategic realignment and operational efficiencies. Revenue stood at RM1.43 billion, with 95.6% contributed by property development.
Looking ahead, LBS is set for accelerated growth with its 8 x 8 Strategy, targeting RM8.0 billion in project launches by 2027. The Group also successfully raised RM400 million via its ASEAN Social SRI Sukuk Wakalah to fund sustainable and affordable developments.
LBS’ Q3FYE2024 EARNINGS SURGED DRIVEN BY GAIN FROM DISPOSAL, DECLARES SPECIAL DIVIDEND TO REWARD
LBS Bina Group Berhad (“LBS”) reported a Q3 2024 PATMI of RM164.5 million, driven by a one-off RM136.9 million gain from the disposal of Zhuhai International Circuit Ltd (ZICL). This move bolstered financial strength, complemented by a special 2.6 sen dividend.
The Group unveiled its RM9.5 billion Rimbawan Township in Genting Highlands and advanced ESG initiatives, including a solar farm and green hydrogen facility in Sabah.
LBS AND PARTNERS EMBARK ON 10GW GREEN HYDROGEN FACILITY DEVELOPMENT PROJECT IN SABAH
LBS Bina Group Berhad (“LBS”) has signed an MOU with Invest Sabah Berhad, SAFODA, and Midwest Green Sdn Bhd to lead the development of a 10GW green hydrogen facility in Kota Marudu, Sabah. The project, spanning up to 30,000 acres, will harness solar and wind energy to produce over 250,000 tonnes of green hydrogen annually, positioning Kota Marudu as a renewable energy hub
LBS SHINES AMONG TOP DEVELOPERS WITH THIRD CONSECUTIVE WIN AT MALAYSIA DEVELOPER AWARDS 2024
LBS Bina Group Berhad (“LBS”) has proudly won the prestigious Top of the Chart award at the Malaysia Developer Awards 2024, ranking it among the top 10 developers in the market capitalisation category for companies exceeding RM1 billion.
The award highlights LBS’s commitment to developing innovative, high-quality properties while promoting sustainable practices. LBS Group Executive Chairman, Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San, expressed pride in the recognition, noting that it reflects the company’s financial resilience and dedication to sustainable growth.
