BRC Asia’s net profit hits record $93.5m in FY2024

Net profit was up 23% YoY.

BRC Asia's net profit reached a record $93.5m in FY2024, marking a 23% YoY increase.

The company attributed its growth to a $16.5m one-off gain from the disposal of its associate, Pristine Islands Investment, and a $1.2m fair value gain on investment securities from its 19.9% stake in Angkasa Daehan Steel.

However, the absence of foreign exchange gains and reduced credit insurance claims for bad debts partially offset these gains.

Boosted by higher net profit, earnings per share rose 24% YoY to $0.341.

The Board approved a final dividend of $0.08 and a special dividend of $0.06, bringing the total FY 2024 dividend to $0.20, with a payout ratio of 59% and a yield of 8.4%.

Follow the link for more news on

Financial Statements

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia