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Novena Holdings reports 1HFY09 Results (31 Jul 09)
- Revenue: +4.43%
- Net Profit: NM
- Outlook: Whilst gross profit margins have increased as a result of bringing in new products with higher profit margins, demand for beauty products and fast moving consumer goods is expected to remain weak for much of 2009.
- Coupled with the competitive environment resulting from prevailing difficult economic conditions, the Company expects difficulties in increasing profitability.
- The Company will continue to monitor the patterns of demand and make appropriate adjustments to increase revenue generated in the year ahead.
- In addition, the Board and Management are reviewing strategic options to grow the Company through synergetic mergers and acquisitions.
FINANCIAL RECORDS
Revenue (SGD '000)
FY 1H 2H Total
2009 18,342
2008 17,564 na 37,761
2007 39,049 15,221 54,270
2006 38,578 38,433 77,011
2005 27,849 42,184 70,033
2004 30,080 31,466 61,546
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Earnings (SGD '000)
FY 1H 2H Total
2009 547
2008 (3,313) na (47,065)
2007 22,279 23,418 45,697 (Incl. gains in disposal of furniture business, property, plant & equipment)
2006 1,633 1,515 3,148
2005 1,434 277 1,711
2004 (914) (360) (1,274)
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Dividends
FY Interim Final Special (SGD)
2009 NA
2008 NA NA NA
2007 0.051 0.02 0.005
2006 NA 0.01 NA
2005 NA 0.01 NA
2004 NA NA NA
2003 NA 0.01 NA
2002 NA 0.01 NA
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Bonus / Rights / Stock Split
Date Type Details
2007-10-11 Rights 1RT1WTFOR1SH OFFER OF 1 FOR 1 @ $0.042
2004-06-22 Bonus OFFER OF 1 FOR 4
2002-05-10 Bonus OFFER OF 1 FOR 10
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Share Data (SGD)
NAV = $0.07
EPS = $(0.0001) (6M FY09)
Diluted EPS = $(0.0001) (6M FY09)
No of Shares = 420,517,997
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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