BBR Holdings (S), the civil engineering and construction specialist, announced today a net profit after tax and minority interests of $13.4 million for the full year ended Dec 31 2009 (FY2009), a significant increase of 266% from $3.7 million in the preceding year of FY2008.

Group revenue for the period was $205.4 million, a decline of 19% from $253.9 million the preceding year, largely as a result of a 22% decline in revenue from its General Construction arm, which recorded a turnover of $166.2 million or 81% of total revenue.

The group’s Specialised Engineering segment recorded revenue of $39.1 million, contributing to the remaining turnover.

Contributing to its revenue were projects such as the Common Services Tunnel, a $189.6 million contract from the URA slated for completion in FY2011, as well as the $95.3 million contract from Ascendas (Tuas) Pte Ltd to build an iconic office tower block at the International Business Park in Jurong East.

Earnings per share for the 12 months ended 31 December 2009 was 0.87 cents compared to 0.24 cents registered in the corresponding period a year earlier.

BBR’s board has proposed a first and final dividend distribution of 0.6 cents per share, based on 308,210,455 shares after consolidation.