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Jul
31

BH Global Marine delivers 1H2011 record revenue of $76 million, a year-on-year increase of 78% (27 Jul 11)

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  • Revenue: +75% (2Q11), +78% (1H11) 
  • Net Profit: +47% (2Q11), +35% (1H11)
  • Press Release: Revenue climbed 75% year-on-year (“y-o-y”) to S$41.1 million in 2Q2011 due to new Engineering Services Division 
  • Balance sheet remained in net cash position well supported by strong cash and cash equivalent balance of S$19.3 million as at 30 June 2011
  • The Group, boasting comprehensive product offerings and turnkey capabilities, is well-positioned to benefit from market recovery 
  • Outlook: The Group is cautiously optimistic about its industry’s future prospects.
  • Embarkation on the Group's new Engineering Services Division last financial year to diversify its business risk has seen revenue contribution from this division climb to approximately 51% of the Group’s total revenue in 2Q2011.
  • To better respond to market demands, the Group will remain committed to enhance its product and service offerings through additions of new product range and synergistic business acquisitions.
  • Simultaneously, the Group will also look at expanding its regional footprints in Indonesia, Middle East and India.
    FINANCIAL RECORDS

    Revenue (SGD '000)

    FY 1Q 2Q 3Q 4Q Total
    2011 34,892 41,117
    2010 19,194 23,518 30,433 29,856 103,001
    2009 22,849 26,123 26,027 26,637 101,636
    2008 24,483 27,321 22,702 20,051 94,557
    2007 20,207 19,217 24,210 18,236 81,870

    FY 1H 2H Total
    2006 22,676 36,247 58,923
    2005 13,578 16,709 30,287
    2004 NA NA 24,551
    -----------------------------------------------------------
    Earnings (SGD '000)

    FY 1Q 2Q 3Q 4Q Total
    2011 3,757 3,980
    2010 3,013 2,707 3,776 1,857 11,353
    2009 3,436 3,968 4,146 3,131 14,681
    2008 5,005 5,680 5,090 3,463 19,238
    2007 4,037 4,294 4,965 4,220 17,516

    FY 1H 2H Total
    2006 5,236 5,979 11,215
    2005 3,486 3,305 6,791
    2004 NA NA 6.902
    -----------------------------------------------------------
    Dividends

    FY Interim Final Special (SGD)
    2011 NA
    2010 NA 0.007 NA
    2009 NA 0.008 NA
    2008 NA 0.012 NA
    2007 NA 0.012 NA
    2006 NA 0.016 NA
    2005 NA 0.010 NA
    -----------------------------------------------------------
    Bonus Issue / Stock Split

    Date Type Details
    2008-02-15 Bonus OFFER OF 1 FOR 2
    -----------------------------------------------------------
    Share Data (SGD)

    NAV = $0.22
    EPS = $0.0161 (6M FY11)
    No of Shares = 480,000,000



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