BBR reports 2.8% rise in FY11 net profit of $20m

BBR Holdings has posted a 2.8% rise in full-year attributable profit to $20.12 million compared to a year ago.

Revenue for FY11 doubled to $413.32 million due to contribution from various general construction projects and from revenue progressively recognised since the first quarter of 2011 from property development project Lush on Holland Hill.

In the next 12 months, BBR Holdings says the outlook for the construction industry is expected to be challenging in view of the estimated moderate growth in the Singapore economy, increasing local and foreign competition and expected increase in labour and material costs.

The firm’s order book stands at $590 million.