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Gems TV reports FY09 Results (24 Aug 09)

Labels:

  • Revenue: -22% (4Q09), -31% (FY09)
  • Net Profit: NM (4Q09), NM (FY09)
  • Outlook: Subsequent to the financial year, the Group settled its claim against Gems TV Deutschland GmbH.
  • The Group has also obtained the necessary approvals from the Chinese authorities to discontinue its China operation.
  • These do not have any material impact on the Group’s results.
  • Whilst demand continues to be weak, the Group has been pursuing a strategy to improve its working capital through lean inventory management and strengthening its relationship with its suppliers.
  • During the second half of the financial year, the Group's cash balance increased $3.4mn to $51.9mn which should position it well to meet the on‐going economic challenges in the coming year.

FINANCIAL RECORDS

Revenue (USD '000)

FY 1Q 2Q 3Q 4Q Total

2009 37,418 51,018 40,307 33,416 162,160
2008 48,256 86,072 59,006 42,742 236,077
2007 29,124 44,836 42,287 43,565 159,812
2006 23,946 31,826 47,035 34,755 137,562
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Earnings (USD '000)

FY 1Q 2Q 3Q 4Q Total

2009 (13,806) (18,524) (9,497) (17,977) (59,804)
2008 (5,600) 6,020 (4,474) (25,653) (29,707)
2007 3,183 3,853 1,317 (705) 7,648
2006 2,975 7,522 10,740 7,563 28,800
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Dividends

FY Interim Final Special (USD)
2009 NA NA NA
2008 NA NA NA
2007 0.015 NA NA
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Bonus / Rights / Stock Split

Date Type Details

NA

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Share Data (USD)

NAV = $0.0743
EPS = $(0.0579) (12M FY09)
Diluted EPS = $(0.0576) (12M FY09)
No of Shares = 1,033,284,220
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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