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• Revenue: -50% (2Q09), -52% (1H09)
• Net Profit: -44% (2Q09), -13% (1H09)
• Press Release: Profit after tax and minority interests increased to US$8.8 million
• Retail volumes up 16% to over 2 million metric tons
• Sustained GCMT improvement at US$8.74 per metric ton
• Outlook: The prolonged global financial situation has led to a contraction of credit and liquidity which has affected economic activity worldwide.
• It has had a negative impact on the business of the Group's customers, mainly the shipping industry, and affected its sales volume of fuel.
• The Group has not experienced any difficulty in obtaining credit facilities and the Group has sufficient and diversified banking relationships to finance its operations.
• As disclosed in the Group's earlier announcement dated 25th June 2009, the Company has been informed by the majority shareholder that they are currently in discussions with various parties involving a possible sale of some or all of their shares in the Company.
• However, the discussions may or may not materialize into something definitive.

FINANCIAL RECORDS

Revenue (USD '000)

FY 1Q 2Q 3Q 4Q Total
2009 960,238 1,212,015
2008 2,355,104 2,426,036 2,784,393 1,459,069 8,796,713
2007 1,002,518 1,280,204 1,593,601 1,450,310 5,346,662
2006 985,454 1,081,134 1,262,550 1,084,739 4,345,598
2005 NA NA NA 937,610 3,673,776
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Earnings (USD '000)

FY 1Q 2Q 3Q 4Q Total
2009 8,845 12,231
2008 2,323 21,949 10,526 12,271 47,069
2007 17,864 606 (2,627) 14,488 30,317
2006 14,222 10,943 18,941 13,738 57,844
2005 NA NA NA 6,742 49,464
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Dividends

FY Interim Final Special (USD)
2009 NA
2008 NA 0.005 NA
2007 NA NA NA
2006 NA 0.010 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (USD)

NAV = $0.2329
EPS = $0.0163 (6M FY09)
No of Shares = 1,287,212,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA