INCOME STATEMENT
REVENUE
FY2015 marked a successful debut year on the
SGX-ST Catalist Board for LHN as the Group
achieved a 6
.
2% year-on-year increase in topline
figures to $96
.
4 million in FY2015 from $90
.
7
million in the preceding year (
“
FY2014
”
)
.
This
was driven by strong performances in all three of
the Group
’
s business segments
.
ioi
FY
2015
($’M)
FY
2014
($’M)
Variance
$’M %
Space Optimisation
Business
72
.
0 70
.
6 1
.
4 2
.
0
a) Industrial
Properties
45
.
9 40
.
5 5
.
4 13
.
3
b) Commercial
Properties
23
.
5 21
.
2 2
.
3 10
.
8
c) Residential
Properties
2
.
6 8
.
9 (6
.
3)
(70
.
8)
Facilities
Management
Business
9
.
7 8
.
4 1
.
3 15
.
5
Logistics Services
Business
14
.
7 11
.
7 3
.
0 25
.
6
TOTAL
96
.
4 90
.
7 5
.
7 6
.
2
Space Optimisation Business
The Group
’
s largest business segment
,
with
operations in Singapore
,
Indonesia and Myanmar
,
posted revenue of $72
.
0 million in FY2015
,
up
from $70
.
6 million in FY2014
.
Revenue from Industrial Properties
,
all
located in Singapore
,
rose 13
.
3% to $45
.
9 million
in FY2015 due mainly to new master leases
secured and an increase in rents
.
Its Commercial
Properties contributed revenue of $23
.
5 million
in FY2015
,
10
.
8% higher than in FY2014
.
The
average occupancy rates of industrial and
commercial properties in FY2015 were 93% and
96% respectively
.
Revenue from Residential Properties
decreased by 70
.
8% to $2
.
6 million in FY2015
as a result of the deliberate scaling back of its
Residential Properties portfolio and the expiry
of managing agent contract with the Housing &
Development Board
.
Facilities Management Business
The Group
’
s complementary Facilities
Management Business achieved sales
amounting to $9
.
7 million in FY2015
,
an increase
of 15
.
5% from $8
.
4 million in FY2014
.
This
improved performance was mainly due to more
security services and car park management
contracts secured
.
REVENUE BY SEGMENTS
15
Operations and
Financial Review
