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BRC Asia reports record earnings of $90.2 million for FY2022, 12 cents worth of dividends heading shareholders' way

The Edge Singapore
The Edge Singapore • 2 min read
BRC Asia reports record earnings of $90.2 million for FY2022, 12 cents worth of dividends heading shareholders' way
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BRC Asia has reported record earnings of $90.2 million for the financial year ended Sept, up 92% from the preceding FY2021.

Revenue in the same period was up 45% to $1.7 billion – a record as well – thanks to higher steel prices and higher sales volume.

The company plans to pay a final dividend of 6 cents per share, plus a special dividend of another 6 cents per share. Together with an interim dividend of 6 cents already paid, this will bring full-year FY2022 payout to 18 cents, equivalent to a payout ratio of 54%.

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