LBS Bina bags Best Managed Company award again
KUALA LUMPUR: LBS Bina Group Bhd has been recognised as one of Malaysia’s “Best Managed Companies” for the third consecutive year.
This award, presented by Deloitte Private, celebrates exceptional Malaysian companies for their organisational excellence, sustained growth and entrepreneurial spirit.
The winners are selected by a panel of industry leaders.
The award was presented to LBS group managing director and chief executive officer (CEO) Datuk Joey Lim Hock Guan by Deloitte Malaysia CEO Yee Wing Peng.
“Our belief in leading to a better tomorrow fuels our determination to push boundaries and overcome challenges to reach greater heights.
“LBS is immensely honoured to receive this prestigious award for the third consecutive year, as it validates the group’s successful transformation which is marked by its portfolio expansion and adaptability to market challenges,” said Lim.
“Our commitment to enhance shareholders’ value is further evident in our dividend payout last year of 2.7 sen per share, or RM41.6 million, surpassing our dividend policy of 30 per cent of profit after taxation and minority interests (PATMI),” he said in a statement.
An end result of LBS’ management excellence is exhibited through its three-year revenue compound annual growth rate of 18.6 per cent from 2020 to last year, which surpassed the pre-Covid 19 pandemic period’s 10.1 per cent from 2016 to 2019.
For the fiscal year ended 2023, the group achieved its highest-ever revenue of RM1.8 billion, with PATMI surging by 9.7 per cent year-onyear to RM141 million, resulting in earnings per share of 7.75 sen.
In the past years, LBS pioneered the issuance of an Asean sustainable and responsible investment sukuk wakalah in Malaysia’s real estate sector with an “AA-IS” rating, reinforcing its financial strength and commitment to sustainable, affordable housing.
The company also prioritised board diversity, achieving 38 per cent female representation and a 50 per cent independent board composition.
“Our achievements are a direct result of our dedicated team comprising over 1,000 employees. We foster a culture of continuous improvement to nurture a strong pipeline of future leaders. Our trajectory of growth will continue as we focus on strengthening our core business model of delivering highquality, affordable and connected communities,” Lim said.
LBS executive director Datuk Cynthia Lim said the group was committed to sustainable growth.
“Our mission is to create thriving (From left) LBS Bina Group Bhd managing director and chief executive officer (CEO) Datuk Lim Hock Guan, executive director Datuk Cynthia Lim and deputy CEO Lim Kim Kiat with the company’s Best Managed Companies trophies awarded by Deloitte Malaysia.
communities. We are committed to building innovative townships that enrich lives and contribute to a better future for our communities.
“The recognition of Deloitte’s Best Managed Companies Award, from 2022 to this year, reaffirms our successful execution of a transformative vision, as demonstrated
through our growing portfolio,” she said.
She also highlighted the significance of LBS’ inclusion in the FTSE4Good Bursa Malaysia indices as a testament to the group’s dedication to sustainability.
“Additionally, the integration of the industrialised building system
through the group’s subsidiary enhances the productivity, elevates the quality of LBS’ built units, and also minimises environmental impact. The group will continue to focus on holistic sustainability and strive to exceed stakeholder expectations with high-quality and sustainable projects,” she said.