BRC Asia (BEC) Q3 2024 TU earnings summary

Executive summary

• 9M2024 revenue was S$1,139.982m and profit after tax was S$72.647m; both 9M and 3Q profit included a S$16.5m disposal gain.

• Sales order book stood at S$1.32bn as at 30 June 2024, with project durations of up to 5 years and scope for changes.

Financial highlights

• 9M2024 revenue was S$1,139.982m; 3Q2024 revenue was S$381.691m.

• 9M2024 profit after tax was S$72.647m and total comprehensive income was S$72.151m; 3Q2024 figures were S$34.121m and S$32.816m, respectively.

Outlook and guidance

• A steady pipeline of project launches and awards is expected, particularly from the public sector.

• Offtake from ongoing projects remained generally disappointing over the prior 6 months.