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Courage Marine posts marginal loss despite difficult trading conditions (12 May 09)
- Revenue: -77%
- Net Profit: NM
- Press Release: Diligent cost management pares cost of sales by 36%; further trims already-low operating and other expenses by 9%
- Will leverage on established regional network for opportunities to keep fleet well deployed
- Strong balance sheet and low cost structure will enable Company to overcome current downturn
- Outlook: Despite efforts by the Group to secure deployment of its fleet, fleet utilisation was low in January and February 2009, although it had picked up slightly going into March and April of this year.
- This low fleet utilisation was due to the fall in demand for maritime transportation services in line with the reduced level of trading and other economic activities as a result of the global economic crisis.
- The Group expects that the financial performance for the rest of 2009 will continue to be adversely affected by the current challenging economic conditions and uncertain outlook.
- However, the Group will maintain its cost-effective structure and focus on keeping its fleet well-deployed and running efficiently.
FINANCIAL RECORDS
Revenue (USD '000)
FY 1Q 2Q 3Q 4Q Total
2009 4,984
2008 21,503 28,491 18,208 7,457 75,660
2007 16,664 18,255 24,244 31,248 90,411
2006 12,598 13,640 13,847 16,650 56,734
2005 14,863 16,422 7,589 9,506 48,381
2004 NA NA 11,194 13,921 47,296
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Earnings (USD '000)
FY 1Q 2Q 3Q 4Q Total
2009 (578)
2008 12,552 17,763 8,624 1,551 40,494
2007 9,514 10,611 20,078 20,159 60,359
2006 5,244 8,040 6,026 8,506 27,798
2005 8,121 9,634 2,561 6,001 26,318
2004 NA NA 5,048 6,596 26,285
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Dividends
FY Interim Final Special (USD)
2008 0.01133 0.00755 NA
2007 0.0066 0.02455 NA
2006 0.0047 0.0094 NA
2005 NA 0.0132 NA
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Bonus / Rights / Stock Split
Date Type Details
NA
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Share Data (USD)
NAV = $0.1111
EPS = $(0.0005) (3M FY09)
No of Shares = 1,058,829,308
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
Thursday, August 02, 2007
Hi. I think the interim dividend is USD0.0066 and not SGD0.0066. Pls see the attached from the result:
"Subsequent to 30 June 2007, the Directors recommend an interim dividend of US(cents) 0.66 per ordinary share on the total 1,058,829,308 issued ordinary shares,amounting to approximately US$7 million to be paid in respect of the financial year ending 31 December 2007."
Friday, August 03, 2007
hi Paul..thks for your feedback..my oversight..have amended accordingly.
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