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BBR Holdings swings back to profitability with earnings of $3.2 mil in 1H

Samantha Chiew
Samantha Chiew • 1 min read
BBR Holdings swings back to profitability with earnings of $3.2 mil in 1H
SINGAPORE (Aug 7): BBR Holdings reported earnings of $3.2 million in 1H17 from a net loss of $5 million in 1H16, mainly from improved share of associates’ profits.
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SINGAPORE (Aug 7): BBR Holdings reported earnings of $3.2 million in 1H17 from a net loss of $5 million in 1H16, mainly from improved share of associates’ profits.

Share of results of associates amounted to $6.2 million in this half year ended June from the recognition of sales of 238 units of Lake Life Executive Condominium.

Group revenue however decreased 55.5% y-o-y to $69.1 million in 1H17 from $155.3 million in 1H16 due to lower sales registered for both General Construction and Specialised Engineering Segments.

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