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BRC 3QFY2024 profit after tax up 51% y-o-y on disposal, revenue down 17% y-o-y

Jovi Ho
Jovi Ho • 1 min read
BRC 3QFY2024 profit after tax up 51% y-o-y on disposal, revenue down 17% y-o-y
“Project offtake from ongoing projects remained generally disappointing over the last six months,” says CEO Seah Kiin Peng. Photo: Albert Chua/The Edge Singapore
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BRC Asia has posted profit after tax of $34.1 million, up 51.0% y-o-y, for 3QFY2024 ended June 30. This is inclusive of a gain on disposal of an associate of $16.5 million, announced on June 7. 

Revenue for the quarter fell 17.0% y-o-y to $381.7 million, announced the steel maker on Aug 6. 

Total assets fell 5.8% y-o-y to $866.91 million as at June 30, while total liabilities fell 20.8% y-o-y to $414.1 million. 

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