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Tiong Woon posts record net profit of S$42m and revenue of S$202m for FY2009 (26 Aug 09)
- Revenue: +8% (4Q09), +28% (FY09)
- Net Profit: -1%(4Q09), +51% (FY09)
- Press Release: “It has been a tough year. However, with our strong business fundamentals, robust balance sheet, recurring profit and revenue streams and a market reach into many countries, we are confident of not only riding out the global economic downturn but growing even stronger as the market recovers,” said Group Chairman and Managing Director Ang Kah Hong
- Outlook: The Group remains cautiously optimistic on the outlook of Power Generation, Oil & Gas and Petrochemical sectors in the near term in the identified key markets such as People’s Republic of China, Thailand, Indonesia, Vietnam, Brunei, India, Malaysia and the Middle East countries.
- In view of the slow recovery of the global economy, the Group will continue to pursue business opportunities as they present themselves.
- The Group will
further strengthen and enhance its capabilities and stay focused on its core business activities. - Where appropriate, the Group will seek to form strategic alliances with business partners that will create synergies with the Group’s businesses.
FINANCIAL RECORDS
Revenue (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 45,441 50,071 52,817 53,951 202,280
2008 29,499 36,329 42,072 49,873 157,773
FY 1H 2H Total
2007 44,141 55,678 99,819
2006 28,950 40,244 69,194
2005 31,661 38,873 70,534
2004 NA NA 50,986
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Earnings (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 11,026 12,042 7,108 12,150 42,326
2008 3,247 7,305 5,159 12,252 27,963
FY 1H 2H Total
2007 7,060 15,447 22,507
2006 2,796 6,031 8,827
2005 3,550 4,978 8,528
2004 NA NA 9,585
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Dividends
FY Interim Final Special (SGD)
2009 NA 0.004 NA
2008 NA 0.004 NA
2007 NA 0.004 NA
2006 NA 0.003 NA
2005 NA 0.003 NA
2004 NA 0.003 NA
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Bonus / Rights / Stock Split
Date Type Details
2005-07-11 Rights OFFER OF 1 FOR 2 @ $0.21
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Share Data (SGD)
NAV = $0.5136
EPS = $0.11254 (12M FY09)
No of Shares = 337,576,410
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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