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Straits Asia posts record revenue of $315m (04 Aug 09)
- Revenue: +8.5% (2Q09), +19.1% (1H09)
- Net Profit: -43.4% (2Q09), -2.3% (1H09)
- Press Release: Net profit of US$56.9 million in first half of 2009
- Strong underlying performance delivers a further interim tax exempt dividend of 1.14 US cents per share
- Outlook: The main industry factors that can favourably or unfavourably influence the prospects of the Company over the next 12 months are global economic and financial conditions, thermal coal prices, contract negotiations, production at the Sebuku and Jembayan coal mines, weather, operating of new capital assets and key input costs such as fuel.
- While economic growth has been impacted by the worldwide recession the Company was well placed with production for 2009 contracted at prices mostly negotiated during 2008.
- The Company has continued to supply its customers without a build up of stocks.
- Based on current market conditions and engagement with its customer base, Straits Asia expects that its priced coal contracts will continue to be delivered on schedule.
- Looking ahead, there are early signs that demand is showing signs of recovery as the contract negotiation period for 2010 sales approaches.
FINANCIAL RECORDS
Revenue (USD '000)
FY 1Q 2Q 3Q 4Q Total
2009 139,616 175,550
2008 102,888 161,714 168,865 151,757 585,224
2007 69,144 69,538 50,896 61,382 250,960
2006 59,849 79,455 69,142 58,853 278,862
2005 NA NA 47,250 48,787 149,291
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Earnings (USD '000)
FY 1Q 2Q 3Q 4Q Total
2009 35,469 21,426
2008 20,381 37,817 28,365 39,655 124,409
2007 8,413 7,113 3,514 9,523 28,563
2006 14,816 11,659 9,483 12,192 48,153
2005 NA NA 10,518 17,214 44,359
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Dividends
FY Interim Final Special (USD)
2009 0.0194+0.0114
2008 0.0310+0.0155 0.0218 NA
2007 0.0100 0.0075 NA
2006 NA 0.008 NA
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Bonus / Rights / Stock Split
Date Type Details
NA
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Share Data (USD)
NAV = $0.355
EPS = $0.0520 (6M FY09)
Diluted EPS = $0.0504 (6M FY09)
No of Shares = 1,093,736,614
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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