SINGAPORE (Aug 1): BRC Asia, the provider of steel reinforcement solutions, says it expects to report higher profits for 3Q19 and 9M19 ended June.

In a filing on Wednesday night, BRC Asia says the stronger bottomline for both periods come on the back of commercial and cost synergies from its acquisition of Lee Metal Group (LMG), as well as an improving business environment.

The improved financial performance contrasts against its 3Q18 performance which saw the group report a loss of $7.7 million primarily due to provisions for onerous contracts and impairment of receivables resulting from the acquisition of LMG.

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