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TECKWAH REPORTS STRONG INTERIM FY2009 PROFITS IN SPITE OF LOWER REVENUE (12 Aug 09)

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  • Revenue: -3.8%
  • Net Profit: +163.2%
  • Press Release: Revenue declined 4% from $73.8 million to $71.0 million
  • Net profit After Tax rose 163% from $1.9 million to $5.1 million
  • Operating activities generated $18.8 million cash flow
  • Cash balance stood at $40.1 million
  • Outlook: There are still uncertainties ahead.
  • The cost management measures and process improvement initiatives that the Group has put in place will be continued and further enhanced.
  • With a strong balance sheet, the Group will capitalize on current lower prices in this downturn to selectively upgrade its facilities and will continue to look for business acquisitions that will support the future growth of the Group.
  • Barring any unforeseen circumstances, the Board of Directors expect the Group to be more profitable in the current year than in FY 2008 .

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1H 2H Total

2009 71,006
2008 73,775 84,256 158,031
2007 78,738 79,364 158,102
2006 100,589 89,251 189,840
2005 78,152 103,612 181,764
2004 64,105 82,640 146,745
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Earnings (SGD '000)

FY 1H 2H Total

2009 5,135
2008 1,951 2,262 4,213
2007 3,716 4,103 7,819
2006 2,430 5,928 8,358
2005 1,275 4,003 5,278
2004 1,060 3,828 4,888
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Dividends

FY Interim Final Special (SGD)

2009 0.0080
2008 NA 0.0080 NA
2007 0.043 (Spe) 0.0080 NA
2006 NA 0.0082 NA
2005 NA 0.0080 NA
2004 NA 0.01 NA
2003 NA 0.0060 NA
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Bonus / Rights / Stock Split

Date Type Details
2000-11-21 Bonus OFFER OF 1 FOR 1
1996-09-20 Rights OFFER OF 3 FOR 10 @ $0.17
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Share Data (SGD)

NAV = $0.3878
EPS = $0.022 (6M FY09)
No of Shares = 233,550,248
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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