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• Revenue: -28.9% (2Q09)
• Net Profit: -98.8% (2Q09)
• Outlook: Although the Asia-Europe trade has shown some volume improvements, the Group believes that this will not be sufficient to counter the eventual increase in capacity arising from newbuilds and idle ships.
• In view of the challenging conditions, the Group will continue to review further capacity rationalization on its various routes, while continuing to meet the needs of its customers on these rationalized routes, via slot exchanges and NVOCC (non vessel operating common carrier) arrangements.
• Bunker prices have been trending up, and are anticipated to remain volatile and the Group will endeavor to mitigate its impact by imposing appropriate fuel surcharges whenever possible.
• While exercising prudence in financial and cost management, the Group will continue to focus on seeking new opportunities as well as ways to optimize schedules, rationalize service routes and improve asset utilization.

FINANCIAL RECORDS

Revenue (USD '000)

FY 1Q 2Q 3Q 4Q Total
2009 80,533 81,852
2008 102,319 115,083 124,428 101,422 443,252

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2007 90,450 138,999 149,023 142,295 569,611
2006 172,717 168,772 164,420 144,131 650,040
2005 155,637 173,434 176,205 175,104 680,380
2004 NA NA 165,403 NA 596,275
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Earnings (USD '000)

FY 1Q 2Q 3Q 4Q Total
2009 (1,103) 97
2008 7,498 7,982 5,728 4,829 26,037

Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2007 5,189 5,530 10,210 7,153 30,884
2006 6,600 3,510 3,941 1,592 15,643
2005 21,307 23,173 20,479 17,884 82,843
2004 NA NA 23,175 NA 54,378
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA 0.015 NA
2007 NA 0.015 NA
2006 NA 0.010 NA
2005 NA 0.038 NA
2004 NA 0.030 NA
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Bonus / Rights / Stock Split

Date Type Details
2006-02-20 Bonus OFFER OF 1 FOR 5
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Share Data (USD)

NAV = $0.4195
EPS = $0.0002 (2Q FY09)
No of Shares = 538,038,199
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA