BRC Asia’s net profit hits record $93.5m in FY2024

Net profit was up 23% YoY.

BRC Asia's net profit reached a record $93.5m in FY2024, marking a 23% YoY increase.

The company attributed its growth to a $16.5m one-off gain from the disposal of its associate, Pristine Islands Investment, and a $1.2m fair value gain on investment securities from its 19.9% stake in Angkasa Daehan Steel.

However, the absence of foreign exchange gains and reduced credit insurance claims for bad debts partially offset these gains.

Boosted by higher net profit, earnings per share rose 24% YoY to $0.341.

The Board approved a final dividend of $0.08 and a special dividend of $0.06, bringing the total FY 2024 dividend to $0.20, with a payout ratio of 59% and a yield of 8.4%.

Follow the link for more news on

Financial Statements

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia