BRC Asia net profit up 9% to $42.1m in H1 2025
Revenue for the period fell 6%.
BRC Asia posted a 9% increase in net profit to $42.1m for the six months ended 31 March 2025, driven by lower operating costs and stronger other income.
The group's revenue for the period fell 6% to $715.6m due to weaker steel prices and project bottlenecks in the construction sector, including delays in engineering services.
Gross profit also fell 10% to $67.4m, with the gross margin slipping to 9.4% from 9.9% due to a $7.7m provision for onerous contracts. Operating expenses decreased by 16% to $23.8m, helped by lower finance costs and reduced other operating expenses.
BRC has proposed an interim dividend of $0.06%, representing a 39% payout ratio and a 1.9% yield.