Gross profit decreased 29% to $20.3 million in FY17, from $28.7 million a year ago, due to reduced sales volume and lower gross profit margin.
BRC Asia also incurred a loss of $1.4 million in FY17 from its share of results of an associate, Pristine Islands Investment.
As at end September, cash and cash equivalents stood at $24.0 million.
Looking ahead, the group says it expects a challenging and volatile market environment ahead.
Shares in BRC Asia has been suspended from trading after a takeover bid ended with the offeror controlling a 95.83% stake in the company, leaving the stock with a public float of just 4.17%, below the 10% minimum to be traded on the Singapore Exchange.
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The counter last traded at 90 cents on Oct 27.
