BBR cautious despite Q3 profit jump

CONSTRUCTION and development group BBR Holdings said third-quarter net profit more than trebled on a busy construction schedule, but warned of a challenging year ahead.

It posted net profit attributable to shareholders of $8.4 million, or 2.73 cents per share, for the three months ended September, on the back of a 161 per cent increase in revenue, to $120.2 million.

BBR shares did not trade yesterday, and last changed hands at 26 cents on Monday.