BBR 2013 earnings up 68.5% at $21.8m

HIGHER revenue recognised from construction and engineering projects helped construction group BBR Holdings to post a net profit of $21.8 million for its financial year ended Dec 31, 2013, 68.5 per cent higher than a year ago.

Revenue was up 55.4 per cent at $426.3 million.

The company said yesterday that revenue growth came from the general construction and specialised engineering segments. Its property development segment recorded lower revenue, but the highest pre-tax profit among the three segments.