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Fujian Zhenyun reports 1H FY09 Results (12 Aug 09)

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  • Revenue: +2.9%
  • Net Profit: +7.7%
  • Outlook: Going forward, the Group expects sales in the second half to be mainly government related infrastructural projects.
  • The Group’s strong balance sheet and growth in the first half of 2009 gave it cause for optimism, and barring unforeseen circumstances it expects to remain profitable in the current year.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1H 2H Total

2009 282,074
2008 274,090 293,948 568,038
2007 211,940 269,011 480,951
2006 180,346 158,693 393,039
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Earnings (RMB '000)

FY 1H 2H Total

2009 41,273
2008 38,333 40,610 78,943
2007 31,651 36,689 68,340
2006 27.287 29,184 56,471
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Dividends

FY Interim Final Special (RMB)

2009 NA
2008 NA 0.0383 NA
2007 NA 0.0996 NA
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Bonus / Rights / Stock Split

Date Type Details

NA
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Share Data (RMB)

NAV = $4.03
EPS = $0.36 (6M FY09)
No of Shares = 115,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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