BRC Asia reports S$27.3 million in Q1 net profit on sustained construction demand
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BRC Asia reported a Q1 net profit of S$27.3 million, up from S$19.5 million a year ago, with revenue rising 27% to S$444.3 million. The company’s cash reserves increased to S$189.7 million, and its order book stands at S$2.2 billion. The construction sector in Singapore is projected to maintain strong demand, with total construction demand for 2025 estimated at S$50.5 billion. Major projects like Changi Airport Terminal 5 and Marina Bay Sands expansion are expected to drive growth, despite competitive challenges in the market.
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