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CWT surges 58% in 1HFY09 earnings to S$17.9 million (05 Aug 09)
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CWT
- Revenue: +3% (2Q09), +5% (1H09)
- Net Profit: +27% (2Q09), +58% (1H09)
- Press Release: Profitability enhanced by the warehousing business in Singapore and the newly acquired soft commodity logistics business in Europe
- Cash flows from operating activities remained healthy at S$8.4 million
- Continue to focus on the Group’s core competences in logistics, especially commodity logistics in Asia and Europe
- Outlook: As at 30 June 2009 the Company has a syndicated loan of S$114m on the Balance Sheet under current liabilities.
- The Group continues to be prudent in its cost management including general head count freeze, cutting redundant resources, preventing wastages and optimising available resources, tightening outsourcing and procurement and minimising replacement capital expenditure etc.
- The Group does not have any material financial instruments or options that are not accounted for in the financial statements.
FINANCIAL RECORDS
Revenue (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 153,075 146,954
2008 142,348 142,741 154,004 163,615 602,708
2007 116,721 121,582 127,954 168,650 534,907
2006 83,157 75,500 87,511 80,571 326,739
2005 57,118 63,357 63,343 64,358 248,176
-----------------------------------------------------------
Earnings (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 9,230 8,709
2008 4,494 6,877 55,091 7,450 73,912 (Incl. Disposal of Property)
2007 7,514 8,027 6,725 12,520 34,786
2006 2,767 3,097 14,413 3,993 24,299
2005 1,807 2,082 2,215 3,025 9,129
-----------------------------------------------------------
Dividends
FY Interim Final Special (SGD)
2009 NA
2008 NA 0.02 NA
2007 NA 0.02 NA
2006 0.03 0.02 0.115
2005 NA 0.03 NA
-----------------------------------------------------------
Bonus / Rights / Stock Split
Date Type Details
2007-04-30 Rights OFFER OF 1 FOR 2 @ $0.23
2006-06-27 Bonus OFFER OF 1 FOR 1
-----------------------------------------------------------
Share Data (SGD)
NAV = $0.512
EPS = $0.0316 (6M FY09)
No of Shares = 574,304,650
-----------------------------------------------------------
ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
Revenue (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 153,075 146,954
2008 142,348 142,741 154,004 163,615 602,708
2007 116,721 121,582 127,954 168,650 534,907
2006 83,157 75,500 87,511 80,571 326,739
2005 57,118 63,357 63,343 64,358 248,176
-----------------------------------------------------------
Earnings (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 9,230 8,709
2008 4,494 6,877 55,091 7,450 73,912 (Incl. Disposal of Property)
2007 7,514 8,027 6,725 12,520 34,786
2006 2,767 3,097 14,413 3,993 24,299
2005 1,807 2,082 2,215 3,025 9,129
-----------------------------------------------------------
Dividends
FY Interim Final Special (SGD)
2009 NA
2008 NA 0.02 NA
2007 NA 0.02 NA
2006 0.03 0.02 0.115
2005 NA 0.03 NA
-----------------------------------------------------------
Bonus / Rights / Stock Split
Date Type Details
2007-04-30 Rights OFFER OF 1 FOR 2 @ $0.23
2006-06-27 Bonus OFFER OF 1 FOR 1
-----------------------------------------------------------
Share Data (SGD)
NAV = $0.512
EPS = $0.0316 (6M FY09)
No of Shares = 574,304,650
-----------------------------------------------------------
ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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