Staff Reporter
,
Singapore
Thanks to higher revenue from all business segments.
Libra’s net profit jumped to $5.24m in FY14, an over tenfold increase from just $377,000 in the previous financial year.
According to OSK DMG, the robust turnaround can be attributed to higher revenue from all business segments as well as better cost control on its projects.
“FY14 was a record year for Libra, in terms of earnings and its share price performance, with the stock surging 300% since Jul 2014. We believe it will continue to perform even better in FY15, and we remain positive on the company,” stated OSK DMG.
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