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Sinopipe reports 2Q FY09 Results (13 Aug 09)
- Revenue: -21.8% (2Q09), -11.6% (1H09)
- Net Profit: -59.8% (2Q09), -68.6% (1H09)
- Outlook: Overall, the Group believes that the outlook for the plastic pipes industry in the PRC remains positive as demand is primarily driven by domestic consumption and is likely to be more resilient to the adversities from the global downturn as compared to export oriented industries.
- Barring unforeseen circumstances, the Group's strengthening brand footprint in the PRC market and internal production efficiencies will provide it with a stable platform to tap on the opportunities ahead as they arise.
FINANCIAL RECORDS
Revenue (RMB '000)
FY 1Q 2Q 3Q 4Q Total
2009 147,408 185,829
2008 139,499 237,654
FY 1H 2H Total
2008 377,153 452,427 829,580
2007 310,928 361,716 672,644
2006 252,513 255,122 507,635
2005 200,303 237,033 437,336
2004 NA NA 323,328
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Earnings (RMB '000)
FY 1Q 2Q 3Q 4Q Total
2009 2,930 11,517
2008 17,331 28,665
FY 1Q 2Q 3Q 4Q Total
2008 45,996 20,225 66,221
2007 41,344 38,260 79,604
2006 28,889 28,771 57,660
2005 25,912 24,580 50,492
2004 NA NA 41,783
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Dividends
FY Interim Final Special (SGD)
2009 NA
2008 NA NA NA
2007 NA 0.012 NA
2006 NA 0.012 NA
2005 NA 0.010 NA
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Bonus / Rights / Stock Split
Date Type Details
NA
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Share Data (RMB)
NAV = $2.2239
EPS = $0.0642 (6M FY09)
No of Shares = 225,094,900
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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