BRC Asia's full-year earnings hit record $35.7m

THANKS to the booming local construction sector, prefabricated steel reinforcement provider BRC Asia's net profit more than doubled to $35.7 million, from $16.5 million, for the financial year ended Sept 30, 2013.

The figure - BRC Asia's highest net profit ever - was driven by record sales volumes and improved gross profit margins.

Revenue rose 9 per cent year on year to $425 million.