Logo from LHN Group

LHN Limited’s net profit plunges 47.4% YoY to $16.9m in H123

Despite the net profit decline, the company proposed a higher interim dividend of $0.01.

LHN Limited’s profit attributable to its equity shareholders dropped by 47.4% YoY to $16.9m in the first half of the financial year 2023 (H123).

Based on its latest financial statement, the company also recorded a 6.0% YoY lower revenue of $55.6m.

In a bourse filing, LHN attributed the decline to  fair value losses associated with the group’s investment properties and joint ventures’ investment properties in 1H2023, as compared to fair value gains in 1H2022.”

Despite the net profit decline, LHN Limited still proposed a 6.0% YoY higher interim dividend of $0.01 per share.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!