BRC Asia Full Year 2024 Earnings: EPS: S$0.34 (vs S$0.28 in FY 2023)

BRC Asia (SGX:BEC) Full Year 2024 Results

Key Financial Results

• Revenue: S$1.48b (down 9.0% from FY 2023).
• Net income: S$93.5m (up 24% from FY 2023).
• Profit margin: 6.3% (up from 4.7% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: S$0.34 (up from S$0.28 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BRC Asia Earnings Insights

The primary driver behind last 12 months revenue was the Fabrication and Manufacturing segment contributing a total revenue of S$1.26b (85% of total revenue). Notably, cost of sales worth S$1.33b amounted to 90% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to S$32.8m (54% of total expenses). Explore how BEC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Building industry in Asia.

Performance of the market in Singapore.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with BRC Asia (including 1 which doesn't sit too well with us).

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