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Swiber achieves US$19.1 million in 2Q earnings on revenue of US$110.8 million (13 Aug 09)
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Swiber
- Revenue: -11.0% (2Q09), +1.3% (1H09)
- Net Profit: -18.7% (2Q09), -14.1% (1H09)
- Press Release: Expects demand for EPCIC work to remain firm
- Fortifying core fundamentals now for the future
- Secures new projects totaling US$93 million, boosts order book to US$509 million
- Outlook: During the 2nd quarter of FY 2009, the industry witnessed stabilization of oil prices in the region of US$60 to US$75 per barrel. The Group currently has a healthy order book of US$509m and is confident in the long term fundamentals of the oil and gas industry.
- Requirements for EPCIC work is also expected to be firm.
- Although the outlook is optimistic and the oil and gas industry is expected to strengthen in the next 12 months, the Group will remain vigilant and is in a position to act responsively and proactively to any changes in market conditions.
Revenue (USD '000)
FY 1Q 2Q 3Q 4Q Total
2009 87,075 110,847
2008 70,876 124,526 130,095 102,941 428,438
2007 19,320 25,356 45,416 61,085 151,177
2006 6,318 7,632 29,245 23,577 66,772
2005 NA NA NA 6,070 18,400
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Earnings (USD '000)
FY 1Q 2Q 3Q 4Q Total
2009 9,798 16,922
2008 10,317 20,802 16,037 (8,339) 38,817
2007 3,652 6,291 19,725 20,001 49,669
2006 1,816 786 5,327 4,202 12,129
2005 NA NA NA 2,573 6,166
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Dividends
FY Interim Final Special
NA
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Bonus Issue / Stock Split
Date Type Details
NA
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Share Data (USD)
NAV = $0.5604
EPS = $0.0619 (6M FY09)
No of Shares = 505,355,000
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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