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C & G Industrial Holdings reports 2QFY09 Results (14 Aug 09)

Labels:

  • Revenue: -44.6% (2Q09), -49.0% (1H09)
  • Net Profit: -42.5% (2Q09), -77.1% (1H09)
  • Outlook: The Company had on 11 May 2009 entered into a definitive sale and purchase agreement (the “Sale and Purchase Agreement”) and on 26 June 2009 entered into a further agreement to supplement (“Supplemental Agreement”) the Sale and Purchase Agreement with CUGU Group (Hong Kong) Limited ( hereinafter referred to as the “Vendor”), Lam Chik Tsan, Lin Yan, and Cai Junyi for the acquisition of all assets and businesses relating to the investment, construction, operation and maintenance of waste incineration power plants, the generation of electricity with thermal power from the incineration of waste at such waste incineration power plants and the sale of electricity arising thereof (the “Proposed Acquisition”).
  • The Group expects that market conditions will continue to be challenging in the near term.
FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 84,563 115,772
2008 183,890 209,127 208,345 125,018 726,380
2007 198,833 225,255 231,179 220,660 875,927
2006 126,089 173,212 214,120 193,595 707,016
2005 104,490 112,052 130,369 117,924 464,835
2004 80,039 88,055 97,386 103,062 368,542
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 5,006 8,429
2008 43,901 14,670 (555) 6,272 64,288
2007 35,983 43,785 39,908 44,528 164,204
2006 24,396 37,289 39,920 33,186 134,790
2005 19,421 19,655 24,937 19,578 83,593
2004 15,388 16,533 16,134 18,875 66,930
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Dividends

FY Interim Final Special (RMB)
2009 NA
2008 NA 0.0238 NA

FY Interim Final Special (SGD)
2007 NA NA NA
2006 NA 0.015 NA
2005 NA 0.015 NA
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Bonus / Rights / Stock Split

Date Type Details
2007-05-14 Bonus OFFER OF 1 FOR 2
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Share Data (RMB)

NAV = $1.7814
EPS = $0.0287 (6M FY09)
No of Shares = 468,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA



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