The company believes that despite the "challenging" operating environment, its fundamentals remain "robust", with cash and equivalents at $115.2 million as at March 31.
Steel supplier BRC Asia has reported revenue of $717.1 million for 1HFY2023, down 10% y-o-y, because of lower sales to project owners.
Earnings in the same six-month to March 31 period was down 34% to $26.2 million, as the company sold a smaller proportion of higher margin products.
