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• Revenue: -27.8% (2Q09), -35.4% (1H09)
• Net Profit: NM (2Q09), NM (1H09)
• Outlook: Although sales orders and overall performance of the Group had improved as compared to 1Q09, the Group continues to remain vigilant and cautious.
• The operating environment remains challenging for the rest of this financial year.
• Whilst the Group continues to manage operating costs, with the return of stronger sales order since May 2009, it is expected that the rate of reducing operating costs to slow down.
• Nonetheless, the Group will continue to take careful steps to remain lean in operation with a focus of not affecting the Group’s efficiency and ability to fulfill customers’ orders.
• The Group continues to expect no significant capital expenditure in 2H09.
• Although the Group’s cash position was S$12.0 million as at 30 June 2009, given the level of financial liabilities, the Group will continue to place emphasis on financial prudence to maintain a sound financial position with vigorous cash and working capital management.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 16,278 21,404
2008 28,657 29,661 37,377 26,859 122,554
2007 27,674 31,226 32,986 30,098 121,984

FY 1H 2H Total
2006 57,504 61,915 119,419
2005 43,209 62,675 105,884
2004 NA NA 77,957
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 (4,840) (1,019)
2008 3,012 1,224 (1,622) (1,157) 1,458
2007 2,208 3,799 (1,395) (2,035) 2,563

FY 1H 2H Total
2006 5,600 7,900 13,500
2005 3,988 6,112 10,100
2004 NA NA 9,026
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA NA NA
2007 0.005 NA NA
2006 0.010 0.020 NA
2005 0.005 0.020 NA
2004 0.005 0.010 NA
2003 0.010 0.020 NA
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Bonus / Rights / Stock Split

Date Type Details
2007-05-14 Bonus OFFER OF 1 FOR 1
2004-05-27 Bonus OFFER OF 1 FOR 1
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Share Data (SGD)

NAV = $0.1718
EPS = $(0.0184) (6M FY09)
No of Shares = 318,194,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA