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• Revenue: +14% (4Q09), +7% (FY09)
• Net Profit: NM (4Q09), +164% (FY09)
• Press Release: Revenue up 7% to S$222.5 million; ninth consecutive year of record sales since listing
• Record operating profit of S$20.3 million
• Net cash from operations surges 324% to S$30.8 million
• Proposes dividend of 2.2 cents per share, up 10% from FY2008
• Outlook: Although the credit crunch experienced in the last 2 quarters has eased, economic activities and retail statistics in all the Group's core markets remain weak.
• With the grim business outlook in the region and business conditions in its core markets may become more challenging in the next few quarters.
• The Group will continue to introduce new TCM and health food products throughout its retail network while more effort will be focused to further improve revenue from existing clinics.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 50,386 53,426 67,907 50,746 222,465
2008 51,687 50,366 61,368 44,548 208,504
2007 40,085 45,287 54,843 40,989 181,204
2006 39,105 42,402 48,999 40,825 170,356
2005 35,608 41,127 46,737 36,141 159,612
2004 NA NA NA 33,753 135,261
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 3,262 3,507 3,813 2,469 13,051
2008 3,181 3,107 1,307 (2,655) 4,940
2007 2,511 3,363 5,136 2,298 14,720
2006 3,417 3,144 4,345 3,525 14,431
2005 2,094 3,179 3,472 3,260 12,438
2004 NA NA NA (1,718) 7,011
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Dividends

FY Interim Final Special (SGD)
2009 NA 0.01 0.012
2008 NA 0.01 0.01
2007 NA 0.01 0.01
2006 NA 0.01 0.01
2005 NA 0.01 0.01
2004 NA 0.0075 0.005
2003 NA 0.006 0.00132
2002 NA 0.006 NA
2001 NA 0.00525 NA
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Bonus / Rights / Stock Split

Date Type Details
2005-11-07 Bonus OFFER OF 1 FOR 4
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Share Data (SGD)

NAV = $0.259
EPS = $0.0363 (12M FY09)
Diluted EPS = $0.0362 (12M FY09)
No of Shares = 360,435,188
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA