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CNA 1H2009 Net Profit Soars To S$ 3.7 Million On Strong Operating Profit Performance, Contribution From Standard Water Ltd (12 Aug 09)

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  • Revenue: -16% (2Q09), +13% (1H09)
  • Net Profit: NM (2Q09), +107% (1H09)
  • Press Release: Both profit after tax and profit from operations also significantly up to S$4.6 million and S$2.8 million respectively
  • Other operating expenses, direct staff costs fall by 7.0% each on increasing economies from core business implementations
  • Associate Standard Water Limited continues to contribute strongly S$ 2.3 million to bottomline
  • Outlook: CNA will harness ongoing opportunities in core and investment businesses in Singapore and in overseas markets and concentrate on developing new opportunities in newer and more promising overseas markets like the Middle East and Vietnam

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 32,995 28,237
2008 20,391 33,447 18,601 29,487 101,926
2007 8,742 15,035 11,159 31,160 66,096

FY 1H 2H Total
2006 31,868 31,903 62,118
2005 13,333 24,707 38,040
2004 18,700 15,777 34,477
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 853 2,926
2008 1,769 50 (126) 4,663 6,356
2007 83 2,586 198 6,092 8,959

FY 1H 2H Total

2006 1,630 5,018 6,648
2005 611 460 1,071
2004 673 7,352 8,025
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA NA NA
2007 NA 0.0125 NA
2006 NA 0.0122 NA
2005 NA 0.0065 NA
2004 NA 0.0125 NA
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Bonus / Rights / Stock Split

Date Type Details

NA
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Share Data (SGD)

NAV = $0.3252
EPS = $0.0199 (6M FY09)
No of Shares = 189,784,974
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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