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• Revenue: +12%
• Net Profit: NM
• Press Release: 12.1% increase in revenue, primarily driven by continued strong contributions from the Group’s Mahkota Medical Centre
• Net loss primarily due to gestation losses from Regency Specialist Hospital. However, FY2009 also saw maiden revenue contribution of S$1.0 mil from Regency Specialist Hospital
• The Group’s HMI Institute of Health Sciences registered an increase of S$1.1 mil revenue due to more demand for healthcare courses .
• Outlook: Amidst the current global economic downturn, there have been some signs that the global situation is stablising and that the decline in Asian economies has started to bottom out.
• Nonetheless, these market conditions will continue to result in a challenging year in 2010, and the Group will continue to develop its businesses and brands to lay the foundation for longer tenn growth and position for the eventual economic recovery.
• The Group expects the new and continuing investment in the Group's hospital operations in FY 2009 to generate additional cashflow for the Group
  in FY 2010, which together with contributions from MMC's operation and the net operating cash inflow from HMIE and the banks' continuing support to enable the Group to meet its liabilities.
• The Group expects MMC and HMI-HIS to contribute to its profitability, while RSH in its second year ofoperation will incur less oeprating loss.
• The Group's management will continue to adopt a prudent business approach by diversifying service offerings and customer base, intensifying marketing, managing costs and improving efficiency.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1H 2H Total
2009 24,331 25,565 49,896
2008 22,137 22,388 44,525
2007 21,807 21,769 43,576
2006 20,783 19,799 40,582
2005 19,737 19,520 39,257
2004 NA NA 34,020
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Earnings (SGD '000)

FY 1H 2H Total
2009 (1,866) (1,678) (3,544)
2008 312 1,431 1,743
2007 1,421 5,787 7,208
2006 1,311 (30) 1,281
2005 (112) (5,665) (5,777)
2004 NA NA 758
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Dividends

FY Interim Final Special (SGD)
2009 NA NA NA
2008 0.0025 NA NA
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Bonus / Rights / Stock Split

Date Type Details
2007-12-19 Rights OFFER OF 2 FOR 5 @ $0.05
2003-12-02 Rights OFFER OF 1 FOR 2 @ $0.05
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Share Data (SGD)

NAV = $0.061
EPS = $(0.0074) (12M FY09)
No of Shares = 480,555,239
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA