Brief: BRC Asia Sees Local Construction Supply Chain Dampened By Costs

BRC Asia

29/11/2022 10:26

Nov 29 (Reuters) - BRC Asia Ltd  BRCA.SI :
    * GOING FORWARD, PROSPECTS OF LOCAL CONSTRUCTION SUPPLY
CHAIN
DAMPENED BY HIGHER COSTS AND HEIGHTENED CREDIT RISKS
    * PROPOSED FINAL DIVIDEND OF 6 SINGAPORE CENTS, ADDITIONAL
SPECIAL
DIVIDEND OF 6 SINGAPORE CENTS
    * FY  REVENUE  S$1,699.27 MILLION VERSUS S$1,168.65 MILLION
    * FY NET PROFIT ATTRIBUTABLE S$90.2 MILLION VERSUS S$47
MILLION
    * GOING FORWARD, PROSPECTS OF LOCAL CONSTRUCTION SUPPLY
CHAIN
DAMPENED BY HIGHER COSTS AND HEIGHTENED CREDIT RISKS
    * PROJECT PROGRESSION RATES ISLAND-WIDE SEEMED TO HAVE BEEN
A FAIR
BIT SLOWER THAN EXPECTED IN THE SECOND HALF OF 2022
    * FY2023 IS LIKELY TO BE CHARACTERISED BY A LOW-KEY START

Source text for Eikon:  ID:nSN9NP18j 
Further company coverage:  BRCA.SI 
 ((Reuters.Briefs@thomsonreuters.com;))