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LHN Profits Rise 19% in H1 Despite Revenue Drop; Shares Slip 4%

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LHN's (SGX:41O, HKG:1730) attributable profit to equity holders climbed 19% in the fiscal first half ended March 31 to SG$16.8 million from SG$14.1 million a year earlier, according to a Thursday filing with the Singapore Exchange.

Shares of LHN Group fell more than 4% in late Friday trade on both the Singapore Exchange and the Hong Kong Stock Exchange.

Earnings per share rose to SG$0.0389 compared with SG$0.0334 in the year-ago period.

Revenue, however, declined 14% year over year to SG$60.9 million from SG$70.6 million.

The company declared an interim dividend of SG$0.01 per share for the period, unchanged from a year earlier. The dividend will be paid on June 26.

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