BBR Holdings, the specialist engineering group, says profit after tax grew 19% y-o-y to $3.5 million for the three months to 30 September 2010 (3Q10) from $3 million in 3Q09.

BBR has three core business activities, namely General Construction, Specialised Engineering and Property Development.

Revenue rose 50% to reach $77.4 million compared to $51.7 million. This was due to higher revenue being recognised from construction activities for both general and specialised engineering projects during the quarter.

Accordingly, gross profit grew 14% to $7.1 million. Gross profit margin was 9% compared to 12% previously as a result of lower margins from certain specialised engineering projects.

To date, the group has an order book of $520 million with projects going until 2014, comprising mainly civil engineering and building contracts in Singapore and Malaysia.

With this order book and strong financials, the group expects to remain profitable for financial year 2010.