Steel supplier BRC Asia has reported earnings of $47 million for the financial year ended Sept 30, up 131% y-o-y.

Revenue in the same period was up by 91% y-o-y to $1,17 billion, thanks to higher sales volume with the pick-up in construction activities, coupled with higher selling prices in tandem with increasing international steel prices.

The company’s bottomline enjoyed a boost from favourable currency movements as well.

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