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NOL Posts First Half Net Loss of US$391 million (06 Aug 09)

Labels:

  • Revenue: -38% (2Q09), -37% (1H09)
  • Net Profit: NM (2Q09), NM (1H09)
  • Press Release:  For the second quarter of 2009 (2Q09), NOL recorded a net loss of US$146 million.
  • At the Core EBIT level NOL posted a loss of US$353 million for 1H09.
  • Revenue for 1H09 was down year-on-year by 37% to US$2.931 billion.
  • Outlook: For the rest of the year, NOL anticipates a continuation of adverse business operating conditions.
  • This is notwithstanding the cost saving measures that have been undertaken.
  • NOL reiterates that it expects to post a significant full year loss.
  • The Group will continue to focus on improving asset utilisation, yields and productivity.
  • Following the completion of its rights issue, the Group is better positioned to weather the downturn.

FINANCIAL RECORDS

Revenue (USD '000)

FY 1Q 2Q 3Q 4Q Total

2009 1,542,869 1,388,340
2008 2,406,915 2,235,621 2,353,403 2,289,186 9,285,125
2007 1,897,185 1,809,950 2,029,289 2,423,553 8,159,977
2006 1,882,851 1,636,767 1,759,328 1,984,554 7,263,500
2005 1,803,772 1,689,234 1,762,345 2,015,709 7,271,060
2004 1,552,706 1,450,307 1,557,154 1,984,589 6,544,756
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Earnings (USD '000)

FY 1Q 2Q 3Q 4Q Total
2009 (244,595) (146,241)
2008 120,728 75,767 35,118 (148,499) 83,114
2007 42,720 93,042 191,433 195,566 522,761
2006 119,510 67,453 127,340 49,440 363,743
2005 195,419 196,292 248,550 163,621 803,872
2004 168,086 185,978 233,500 355,143 942,707
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Dividends

FY Interim Final Special (SGD)

2009 NA
2008 0.04 0.04 NA
2007 0.04 0.10 NA
2006 0.04 0.04 NA
2005 0.08 NA NA
2004 0.0875 0.1469 0.2169
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Bonus / Rights / Stock Split

Date Type Details

2006-01-25 Cash Distribution CASH DIST SGD 0.3 ONE-TIER TAX
2006-01-25 Cash Distribution CASH DIST SGD 0.62
1997-05-22 Rights 1FOR8.101364469 @ $1.9
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Share Data (USD)

NAV = $1.52
EPS = $(0.1519) (6M FY09)
Diluted EPS = $(0.1516) (6M FY09)
No of Shares = 1,473,513,398
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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