Steel reinforcement solutions provider BRC Asia’s earnings came in at $10.2 million in its 3QFY21 ended June, a reversal from the $2.5 million in losses it reported a year ago.

On a fully diluted basis, this translates to earnings per share of 4.19 cents for the quarter compared to losses per share of 1.08 cents in the previous year.

Revenue for the three month period surged by 830% to $340.2 million thanks to a recovery in construction works from the low base in FY2020 when construction works were suspended during the circuit breaker measures between Apr 7 to June 1 2020.

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