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Rotary Engineering posts half year net profit of S$17.4m (05 Aug 09)
- Revenue: +22% (2Q09), +18% (1H09)
- Net Profit: +11% (2Q09), -21% (1H09)
- Press Release: Affirms on track for full-year profitability with order book of S$1.41b to date
- The Rotary Group is differentiated in the industry by its hallmark of consistently superior customer service, a nimble and flexible approach and a strong observance of best practices, says Chairman and Managing Director Chia Kim Piow
- Outlook:
- There is still uncertainty in the global economy.
- The price of oil, which has risen from its recent lows should benefit the oil & gas industry.
- However, with stiff global competition in the industry, margins may remain under pressure.
- Business development activity remains high as Rotary continues to seek business opportunities in both ASEAN and the Middle East regions.
- With the recent wins in Singapore (Neste S$36 million), Thailand (PTT Ammonia Tanks S$48 million) and Saudi Arabia (SATORP Project S$1.1 billion), Rotary’s the order book stands at S$1.4 billion at the date of this announcement.
FINANCIAL RECORDS
Revenue (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 131,875 164,153
2008 117,120 134,566 118,345 149,438 520,119
2007 127,276 144,984 139,042 98,870 510,172
2006 103,465 98,630 117,955 117,307 437,357
2005 NA NA NA NA 206,070
2004 NA NA NA NA 172,061
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Earnings (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 4,335 13,020
2008 10,191 11,755 9,667 19,238 50,851
2007 9,500 18,538 12,428 12,365 52,831
2006 7,074 8,967 11,148 8,013 35,202
2005 NA NA NA NA 8,388
2004 NA NA NA NA 5,619
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Dividends
FY Interim Final Special Bonus (SGD)
2009 NA
2008 NA 0.023 NA
2007 0.023 0.023 NA
2006 NA 0.016 0.015 0.1
2005 NA 0.010 NA NA
2004 NA 0.008 NA NA
2003 NA 0.008 NA NA
2002 NA 0.006 NA NA
2001 NA 0.008 0.002 NA
2000 NA 0.008 0.004 NA
1999 NA 0.008 NA NA
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Bonus / Rights / Stock Split
Date Type Details
2006-12-19 Rights OFFER OF 2 FOR 5 @ $0.2
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Share Data (SGD)
NAV = $0.37
EPS = $0.031 (6M FY09)
No of Shares = 567,839,000
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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