Sim Lian Group profit up 13% to over S$230m

Strong financial performance resulted from several development projects which were completed in FY2012.

Sim Lian Group Limited recorded profit after income tax of S$ 230.6 million in FY2012, an increase of 13% year-on-year compared to profit after income tax of S$ 203.3 million in FY2011.

Gross revenue in FY2012 was S$764.3 million, or 3% higher compared to gross revenue of S$744.7 million in FY2011.

The 13% increase in profit is mainly attributed to an increase in revenue, a reduction in contract costs, and greater contribution from joint venture projects.

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