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Travelite Holdings reports 1H09 results (10 Nov 08)

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  • Revenue: +150.6%
  • Net Profit: -39.2%
  • Outlook: Given the uncertain market conditions where credit, liquidity and consumer spending are tightening, a more challenging task is anticipated and the Group willcontinue to remain cautious on its business operations.
  • In line with one of Travelite's business expansion strategies, the Group has, on 28 October 2008, announced that it is presently in discussion for the acquisition of the entire equity interest of Yangtzekiang Industries Sdn. Bhd., a company engaged in the business of manufacturing and sale of branded fashion apparel and related products, operating in Malaysia.
  • The Group will continue to seek attractive acquisition targets as well as joint
    venture opportunities for further growth in the region.

The Group has changed its Financial year end from 31 Dec to 31 Mar.

FINANCIAL RECORDS

Revenue (SGD '000)

Yr 1H 2H Total

2009 35,655
2007/8 12,273 40,321 52,594 (15 Mths ended 31 Mar 08)
2006 10,556 14,518 25,074
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Earnings (SGD '000)

Yr 1H 2H Total

2009 500
2007/8 814 2,413 3,227 (15 Mths ended 31 Mar 08)
2006 715 1,640 2,355
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Dividends

FY Interim Final Special (SGD)

NA
-----------------------------------------------------------
Bonus / Rights / Stock Split

Date Type Details

NA
-----------------------------------------------------------
Share Data (SGD)

NAV = $0.288
EPS = $0.006 (6M FY09)
No of Shares = 79,027,020
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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