feedburner
Enter your email address:

Delivered by FeedBurner

Choose Your Stocks


Beng Kuang Marine’s revenue increase by 22% to S$42.7 million in 2Q2009 (07 Aug 09)

Labels:

  • Revenue: +22% (2Q09), +11% (1H09)
  • Net Profit: +0% (2Q09), +2% (1H09)
  • Press Release: New contracts secured in CP division and on-going projects in IE division helped propel BKM’s revenue
  • Net profit attributable to equity holders of the company sustained at S$3.0 million in 2Q2009
  • Outlook: To better weather the downturn in the SD business, the Group took cautious steps to reduce selling and distribution expenses which resulted in a reduction of 34% to S$0.5 million in 2Q2009.
  • Overall, the Group’s profit before tax grew 18% to S$4.5 million, while profit attributable to equity holders of the company sustained at S$3.0 million in 2Q2009.
  • The outlook for the marine oil and gas industries remains uncertain.
  • Global demand for rigs and offshore support vessels remains weak and this adversely affect the sales of our CP and SD Divisions.
  • The Group will remain vigilant in managing cost and will increase efforts to seek opportunities on offshore marine projects for its new fabrication yard in Batam.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total

2009 33,792 42,678
2008 33,775 35,009 31,394 31,279 131,457
2007 20,288 29,787 21,008 24,604 95,687
2006 16,702 17,989 18,061 17,798 70,550
2005 11,737 13,290 14,566 13,653 53,246
2004 11,428 12,968 11,544 12,190 48,130
-----------------------------------------------------------
Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 2,444 3,019
2008 2,350 3,020 1,505 1,364 8,239
2007 1,175 1,591 995 2,311 6,059
2006 785 925 1,001 1,108 3,819
2005 587 667 555 464 2,273
2004 645 465 373 312 1,795
-----------------------------------------------------------
Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA 0.0050 NA
2007 NA 0.0070 NA
2006 NA 0.0110 NA
2005 NA 0.0075 NA
-----------------------------------------------------------
Bonus / Rights / Stock Split

Date Type Details

2007-12-04 Stock Split STOCK SPLIT OFFER OF 3 FOR 1
-----------------------------------------------------------
Share Data (SGD)

NAV = $0.1057
EPS = $0.0142 (6M FY09)
No of Shares = 384,710,625
-----------------------------------------------------------

ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



0 Comments:

Post a Comment