BRC Asia (BEC) Q1 2024 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q1 2024 TU earnings summary
27 Oct, 2026Executive summary
Q1 ended 31 Dec 2023 with revenue of S$399.204m and profit after tax of S$17.146m; sales order book was S$1.3b at period-end.
Financial highlights
Revenue S$399.204m; gross profit S$35.437m; profit after tax S$17.146m; total comprehensive income S$17.354m for Q1 2024.
Operating cash flow was S$9.443m; investing cash flow S$46k; financing cash outflow S$10.097m; cash decreased by S$608k during the quarter.
Outlook and guidance
BCA forecast Singapore construction demand of S$32b–S$38b in 2024, with the public sector contributing about 55%, or S$18b–S$21b.
BCA projected annual construction demand of S$31b–S$38b from 2025 to 2028; the sales order book spans projects with durations of up to five years and may change.
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