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• Revenue: -1% (2Q09), +110% (1H09)
• Net Profit: +59% (2Q09), +233% (1H09)
• Press Release: 1H09 Revenue increased by S$18.3 million or up 110% to S$34.9 million due to full six months recognition of Sea Deep’s performance compared to just two months in 1H08.
• Gross Profit increased by S$11.4 million or up 184% to S$17.6 million
• Net Profit rose by S$8.1 million or 233% to S$11.5 million.
• Positive Operating Cash Flow of S$35.2 million; available cash and cash equivalents of S$63 million as at 30 June 2009
• Annualised Return on Equity was 33.4%
• Outlook: The Group’s order book was US$38 million as at 30 June 2009, down from US$47 million as at 31 March 2009.
• These orders will be completed over the next 12 to 18 months.
• Though the current global economic and financial crisis has affected the outlook for the offshore marine oil and gas industry, the Group remains confident of the industry’s long term fundamentals.
• With a healthy balance sheet and cash flow, the Group will be able to weather the uncertainties ahead.
• The Group expects to remain profitable in the second half of FY2009.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 18,465 16,446
2008 NA 16,613 26,273 31,495 74,381
2007 32,071 18,662 NA NA 50,733

FY 1H 2H Total
2006 29,841 32,726 62,567
2005 27,831 27,443 55,274
2004 26,758 26,821 53,579
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 6,097 5,402
2008 69 3,387 8,502 6,859 18,817
2007 1,054 1,099 18,926 NA 19,980 (Incl. Negative Goodwill and Disposal of Subsidiary)

FY 1H 2H Total
2006 (143) 1,080 937
2005 46 (970) (924)
2004 543 (310) 233
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA 0.005 NA
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Bonus / Rights / Stock Split

Date Type Details
2006-05-17 Rights 20RS+1FREEWT/2S OFFER OF 20 FOR 2 @ $0.025
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Share Data (SGD)

NAV = $0.109
EPS = $0.0182 (6M FY09)
Diluted EPS = $0.0176 (6M FY09)
No of Shares = 632,006,076
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA