Lim (second from left) received the award from Akmal as Yeow (right) and Firdaus (left) look on.
PETALING JAYA: A renowned people’s developer, LBS Bina Group Bhd (LBS) is pleased to announce that the group is a winner at the Malaysia Developer Awards (MDA) 2023 for the Top Of The Charts (under RM1bil category) – Top 5 recipient. This marks the second consecutive year in which LBS has been bestowed with this prestigious Award.
The Award was conferred by Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir to LBS deputy chief executive officer (CEO) Lucas Lim Kim Kiat at the awards ceremony held at M Resort and Hotel KL on August 24. The event was witnessed by Star Media Group (SMG) CEO Alex Yeow and FIABCI-Malaysia president Datuk Firdaus Musa.
The MDA is a collaboration between SMG and FIABCI- Malaysia. It aims to serve as a benchmark of excellence for property developers to elevate themselves to international standards and strengthen the Malaysian property industry in the global arena.
Winners were selected by a panel of esteemed judges and validated by official auditors based on their outstanding corporate performance and high governance standards.
Commenting on the award, LBS CEO Datuk Wira Joey Lim said: “We are thrilled to have received this award for the second consecutive year. As the People’s Developer, LBS is committed to exceeding expectations and delivering high-quality projects that will benefit all. LBS’ main pillars of Affordability, Connectivity and Community resonate with this mission.
"LBS yielded positive results for the recent Q2FYE2023 with PAT of RM36.7 million, seeing a Y-O-Y increase by 10.7%. The group has secured RM 1.09 billion in total property sales and RM 373 million in bookings as of 15 August 2023. These commendable numbers are a testament that LBS are on the right track to maintaining a solid end to the year.
"Being recognised at the MDA along with other peers showcases that LBS is a key industry player and leader in the property sector. We continue to grow, and our strong financials and balance sheet are a testament of our capabilities. We will not rest on our laurels and will continue to offer innovative products that fulfil the needs of the current and future generations with nothing less than the best,” he said.
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