BBR swings back to profitability in 3Q on better mix of completed projects

SINGAPORE (Nov 6): BBR Holdings swung back to profitability with earnings of $0.2 million in 3Q17 compared to a loss of $3.5 million in 3Q16.

Net profit for 9M17 rose to $3.4 million compared to a net loss of $8.5 million in 9M16.

Group revenue decreased by 20.3% to $45.5 million in 3Q17 compared to $57.0 million in 3Q16. Revenue increased from Specialised Engineering Segment and the Property Development Segment arising from the sale of condominium units at Bliss@Kovan were offset by lower sales from the General Construction Segment as a result of the completion of a number of projects at the end of the last financial year.

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