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• Revenue: -10% (2Q09), -10% (1H09)
• Net Profit: -14% (2Q09), -23% (1H09)
• Outlook: CSE expects the business environment for the upstream oil & gas business to be difficult and challenging.
• Whereas the business environment for the downstream oil & gas, infrastructure and healthcare to improve.
• In light of the uncertain environment, CSE will continue to focus on streamlining and improving its business processes and operations, cost control and cash flow generation to position itself to meet any future challenges as well as to capitalize on opportunities to enhance its operations.
• Taking into account the outstanding orders as at end of 2Q FY2009 of $330.7 million and the S$45.0 million of orders from 4 projects in Middle East (announced on 09 July 2009), CSE remains confident that it will be profitable for 2H FY2009.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 95,016 95,555
2008 105,116 106,550 116,032 113,820 441,518
2007 84,292 95,312 109,111 115,981 404,696
2006 68,584 85,791 96,141 93,956 334,472
2005 51,839 57,550 67,954 89,992 267,335
2004 55,764 39,975 44,955 57,774 198,468
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 8,116 12,059
2008 12,074 14,006 14,221 7,952 48,253
2007 8,619 10,490 11,388 11,562 42,059
2006 6,009 7,098 8,013 8,003 29,123
2005 3,327 3,685 6,033 9,077 22,122
2004 4,656 3,872 3,745 4,026 16,299
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 0.01 0.030 NA
2007 NA 0.035 NA
2006 NA 0.035 NA
2005 NA 0.025 NA
2004 NA 0.020 NA
2003 NA 0.010 NA
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Bonus / Rights / Stock Split

Date Type Details
2007-05-07 Bonus OFFER OF 1 FOR 2
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Share Data (SGD)

NAV = $0.2483
EPS = $0.0423 (6M FY09)
Diluted EPS = $0.0423 (6M FY09)
No of Shares = 476,045,852
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA