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• Revenue: -10.2% (1Q10)
• Net Profit: -25.2% (1Q10)
• Press Release: Profit after tax decreased by 25% due to global financial crisis which kicked in Q3 FY 08/09.
• Q1 FY 09/10 profit increased 45% to $5.5 million over Q4 FY 08/09 owing mainly to effects of cost saving.
• Q1 FY 09/10 is normally low winter season of the year in Australasia.
• Hotels in Adelaide and Auckland continued to perform strongly.
• Low contribution/sales from The Stamford Residences Auckland due to ongoing recession in New Zealand.
• Refinancing of A$100 million facility is progressing well.
• Outlook: Given the continuing global recession, growth in the hotel segment will be challenging.
• The hotels are actively growing the corporate segment by focusing on a broader range of SME clients.
• The Group has implemented tighter cost controls, including a reduction of manpower costs.
• The construction of Dynons Plaza in Perth and The Stamford Residences & Reynell Terraces in Sydney are progressing as scheduled and will contribute significantly to the Group's profits when completed in financial years ending 2011 and 2012.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2010 54,424
2009 60,596 65,375 54,183 48,325 228,479
2008 73,303 72,160 69,141 61,510 276,114
2007 47,880 49,522 131,843 68,731 297,976
2006 50,227 53,392 59,721 52,504 215,844
2005 NA NA 58,744 54,420 211,571
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2010 3,161
2009 4,224 4,268 824 (5,232) 4,084
2008 6,926 6,509 8,462 21,038 42,935
2007 2,566 5,184 18,852 6,753 33,355
2006 4,699 3,963 6,294 5,875 20,831
2005 NA NA 5,278 5,292 12,750
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Dividends

FY Interim Final Special (SGD)
2009 NA 0.010 NA
2008 0.015 0.015 0.01
2007 NA 0.020 0.01
2006 NA 0.020 0.01
2005 NA 0.015 NA
2004 NA 0.015 NA
2003 NA 0.015 NA
2002 NA 0.015 NA
2001 NA 0.015 NA
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Bonus / Rights / Stock Split

Date Type Details
2000-11-14 Share Disribution 1SSCFOR2HSH
2000-05-03 Stock Split STOCK SPLIT OFFER OF 2 FOR 1
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Share Data (SGD)

NAV = $0.46
EPS = $0.0037 (3M FY10)
No of Shares = 863,833,482
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA