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UE first half revenue up 15% and gross profit 20% (11 Aug 09)
- Revenue: +19% (2Q09), +15% (1H09)
- Net Profit: +51% (2Q09), +127% (1H09)
- Outlook: With an order book of $736 million, the Group will continue to execute several large-scale building and infrastructure projects over the next 12 months.
- While these projects will keep the Group busy, the Group will face stiffer competition in replenishing its order books due to the challenging environment brought about by the economic slowdown in Singapore and the countries it operates in.
- Although some stability has been restored in the Singapore economy, the outlook for the rest of 2009 and beyond remain uncertain.
- The Group continues to focus on taking advantage of opportunities that may arise in its markets.
FINANCIAL RECORDS
Revenue (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 148,897 167,153
2008 133,598 140,191 144,195 206,576 624,560
2007 123,109 145,358 130,438 140,867 539,772
2006 128,767 153,764 140,907 190,707 614,145
2005 102,169 126,300 113,018 157,762 494,249
2004 126,019 158,004 149,213 164,483 597,719
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Earnings (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 8,478 11,226
2008 1,223 7,448 1,890 (4,572) 5,989
2007 11,842 14,905 7,414 142,027 176,188 (Incl. Surplus on revaluation of investment properties)
2006 5,884 6,211 858 21,877 34,830
2005 35,835 168 2,278 (15,707) 22,574
2004 6,418 5,025 25,801 11,886 49,130
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Dividends
FY Interim Final Special (SGD)
2009 NA
2008 NA 0.050 0.030
2007 NA 0.050 0.050
2006 NA 0.056 0.035
2005 NA 0.050 0.050
2004 NA 0.050 0.070
2003 NA 0.050 0.050
2002 NA 0.050 NA
2001 NA 0.040 NA
2000 NA 0.040 NA
1999 NA 0.030 NA
1998 NA 0.030 NA
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Bonus / Rights / Stock Split
Date Type Details
2000-06-28 Bonus OFFER OF 1 FOR 3
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Share Data (SGD)
NAV = $3.51
EPS = $0.088 (6M FY09)
Diluted EPS = $0.068 (6M FY09)
No of Shares = 229,132,829
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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