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• Revenue: -22.1% (4Q09), -31.2% (FY09)
• Net Profit: NM (4Q09), NM (FY09)
• Press Release: Mitigates FY09 Net Loss to US$0.3 million
• Board Proposes Final Dividend of 0.5 S Cents
• Significant bottom-line improvement from 3Q09 to 4Q09 buoyed by 24.4% sequential revenue growth on continuing rise in orders from major USA and Europe markets, which accounted for 43.0% and 29.1% of FY09 revenue
• Gross profit margins remained stable at just over 26% through FY09, albeit lower than in FY08 due to the change in product mix incorporating less luxurious materials and upholstery to cater to declining consumers’ purchasing power
• In spite of the global recession, Koda’s sales at the series of international furniture fairs in Europe and Asia during January to March 2009 proved to be more resilient than management had expected
• Orders on hand rose about 13% to US$12.2 million as at to date compared to year-ago
• Outlook: Directors are hopeful that with the very concrete recovery in confirmed orders, 2010 will be an improvement over 2009 and the Group should return to profitability for the whole of 2010

FINANCIAL RECORDS

Revenue (USD '000)

FY 1Q 2Q 3Q 4Q Total
2009 11,503 11,787 6,466 8,018 37,775
2008 17,054 17,912 9,689 10,289 54,944

FY 1H 2H Total
2007 34,094 25,969 60,063
2006 24,895 23,222 48,117
2005 19,956 21,810 41,766
2004 NA NA 32,171
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Earnings (USD '000)

FY 1Q 2Q 3Q 4Q Total
2009 411 334 (960) (82) (297)
2008 1,862 2,317 539 (518) 4,200

FY 1H 2H Total
2007 3,846 3,386 7,232
2006 2,154 2,562 4,716
2005 1,479 1,496 2,975
2004 NA NA 2,291
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Dividends

FY Interim Final Special (SGD)
2009 NA 0.005 NA
2008 0.005 0.005 NA
2007 0.005 0.005 0.0050
2006 0.005 0.005 0.0025
2005 NA 0.005 0.0050
2004 NA 0.005 0.0025
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Bonus / Rights / Stock Split

Date Type Details
2007-04-02 Bonus OFFER OF 1 FOR 5
2004-12-21 Bonus OFFER OF 1 FOR 5
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Share Data (USD)

NAV = $0.20
EPS = $(0.0022) (12M FY09)
No of Shares = 133,689,597
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA