07
B
B
R
H
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DINGS (S) LTD
ANNUAL REPORT 2015
CHAIRMAN’S
MESSAGE
We
r
e
m
ai
n
focuse
d
a
nd
vigilan
t
in s
tre
ngthening
our
cor
e
c
o
m
p
e
t
e
ncies whi
l
e
s
t
a
y
i
n
g
i
nv
es
t
e
d
i
n
t
h
e
t
ec
h
n
o
l
og
y o
f
t
h
e
f
u
t
ure
.
D
E
A
R
SHAREHOLDERS,
ith the prevailing global economic
uncertainty, BBR is striving to reach
for higher grounds and leverage on
innovation as the growth strategy for
the Company.
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record and a strong reputation, BBR is geared up
for sustainable growth which encompasses not
only strengthening our robust business model,
but harnessing stronger revenue growth. We
remain focused and vigilant in strengthening our
core competencies while staying invested in the
technology of the future.
Y
E
A
R
I
N
REVIEW
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reported $425.5 million in revenue, which is a
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(“FY2014”). General Construction and Specialised
Engineering segments contributed 50.6% and
35.6% respectively to group revenue, while
Property Development generated 13.8%. Revenue
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FY2015.
The Singapore business units contributed $319.3
million or 75% of the total revenue while the
Malaysia division generated $106.2 million or 25%
of the total revenue.
The decrease in revenue for FY2015 was due
to lower revenue recorded for the general
construction and property development segments,
offset by higher specialised engineering revenue
which is derived mainly from Malaysia. With the
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under construction contributed to lower revenue
in the current year. Construction at Bliss @Kovan
was very active in FY2014 which accounted
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