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• Revenue: -3.7% (2Q11), -2.9% (1H11)
• Net Profit: +9.3% (2Q11), +7.0% (1H11)
• Press Release: Net profit improved 7% to S$696 million, compared to 1H 2010’s S$651 million (restated).
• Earnings Per Share of 39.2 cents, up 6% from 1H 2010’s 37.0 cents (restated).
• Annualised ROE of 19.5%.
• Economic Value Added of S$472 million.
• Cash outflow of S$697 million.
• Net gearing of 0.10x.
• Interim dividend of 17.0 cents per share.
• Outlook: Offshore & Marine Division secured $7.4 billion of new orders for the year-to-date which is a record high.
  
• The recent surge in orders has led to a healthy net order book which stands at $9.1 billion with deliveries extending into 2014.
  
• The Division will remain focused on strong project execution and efficient operations to ensure that secured orders are delivered timely, safely and within budget.
• The Division sees good prospects for its deepwater solutions with the projected increase in deepwater capital expenditure over the next few years.
• In the Infrastructure Division, the expansion of the Keppel Merlimau cogen power plant from 500MW to 1,300MW is progressing well and on schedule for completion by 2013.
  
• With the expected demand for logistics solutions and data centres in Asia, the Group will focus on providing integrated logistics solutions in selected markets and building up a portfolio of high quality data centres.
  
• The Property Division continues to make selective acquisitions with K-REIT Asia further expanding its property portfolio in Australia with the acquisition of a 50% stake in an office tower in Sydney‟s central business district

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2011 2,418,555 2,287,524
2010 2,420,931 2,376,279 2,449,986 2,444,420 9,782,922
2009 2,977,973 3,201,745 3,038,168 3,029,235 12,247,121
2008 2,211,369 2,642,575 3,216,461 3,735,021 11,805,426
2007 2,028,217 2,453,648 2,591,422 3,357,963 10,431,250
2006 1,543,643 1,646,043 1,969,378 2,441,876 7,600,940
2005 1,132,790 1,161,727 1,637,559 1,756,293 5,688,369
2004 NA NA 976,390 1,168,560 3,963,233
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2011 346,220 384,860
2010 321,316 352,254 346,293 607,359 1,622,984
2009 285,292 739,529 319,564 307,732 1,625,117
2008 261,724 299,296 272,860 264,091 1,097,971
2007 251,619 258,393 247,691 372,998 1,130,701
2006 169,825 195,717 201,271 183,937 750,750
2005 144,946 134,742 138,736 145,245 563,669
2004 NA NA 112,082 114,850 464,382
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Dividends

FY Interim Final Special (SGD)
2011 0.17
2010 0.16 0.26
2009 0.15 0.23 NA
2008 0.14 0.21 NA
2007 0.09 0.10 0.20
2006 0.13 0.12 NA
2005 0.11 0.10 NA
2004 0.11 0.09 NA
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Bonus / Rights / Stock Split

Date Type Details
2011-04-26 Bonus OFFER OF 1 FOR 10
2010-06-18 Dist in Specie
2007-05-23 Capital Distribution CAP DIST $0.14 SGD 0.14
2007-05-02 Stock Split STOCK SPLIT OFFER OF 2 FOR 1
2006-06-14 Cash Distribution CASH DIST $0.23 SGD 0.23
2005-05-24 Cash Distribution CASH $0.20/SH SGD 0.2
2004-06-09 Cash Distribution CASH $0.18/SH
2003-07-04 Capital Distribution CAPDIST$0.12/SH
2001-11-19 Cash Distribution CASHD $0.50/SH
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Share Data (SGD)

NAV = $3.85
EPS = $0.392 (6M FY11)
Diluted EPS = $0.387 (6M FY11)
No of Shares = 1,781,646,451