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• Revenue: +56% (2Q09), +57% (1H09)
• Net Profit: +36% (2Q09), +51% (1H09)
• Press Release: 1H2009 revenue rose 56.7% to S$802.2 million from S$511.9 million in 1H2008
• Net profit attributable to shareholders grew 51.3% to S$115.8 million in 1H2009 from S$76.6 million in 1H2008
• Continued support for Yanlord’s quality developments, in particular for phases 2 and 3 of Yanlord Riverside City in Shanghai, drove average selling price (“ASP”) up 54.3% to RMB23,531 per square metre (“sqm”) in 1H2009
• Led by higher ASP, gross profit margin rose to 62.6% in 1H2009 from 51.1% in 1H2008; total gross floor area (“GFA”) delivered for 1H2009 was 156,281 sqm
• Maintains strong financial position as cash and bank balances rose 239.2% to S$1,274.6 million for the first six months of FY2009
• As of 30 June 2009, the Group’s total pre-contracted sales yet to be recognized grew 44.9% to S$800.1 million from S$552.1 million as of 31 March 2009
• As of 30 June 2009, net debt to total equity (including minority interests) ratio declined to 9.3% from 51.4% on 31 December 2008
• Outlook: The Group will continue to maintain its strong cash position and prudent financial policy to ensure the sustainable development of the Group.
• Led by an experienced and dedicated management team with extensive industry knowledge of the PRC real-estate sector, it will continue to focus on our business strategies and comparative advantages in the development of quality residential apartments in prime locations within high growth PRC cities to ensure the sustainable growth of its core business segments.
• Barring any unforeseen circumstances, the Board of Directors is confident of the Group’s performance relative to the industry trend for the next reporting period and the next 12 months based on the number of units pre-sold to-date, expected delivery schedules and on-schedule construction works in progress.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 186,374 615,839
2008 116,204 395,680 83,504 411,829 1,007,217
2007 89,467 21,451 184,646 932,368 1,227,932
2006 53,193 328,873 256,525 375,831 1,014,423
2005 33,618 27,953 406,243 310,544 778,358
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 24,267 91,571
2008 9,311 67,240 8,804 140,486 225,841
2007 2,906 (22,452) 34,578 206,468 221,500
2006 8,085 76,126 38,932 47,538 170,681
2005 3,719 2,566 39,800 76,075 122,160
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA 0.0123 NA
2007 NA 0.0121 NA
2006 NA 0.0289 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (SGD)

NAV = $1.13
EPS = $0.0631 (6M FY09)
Diluted EPS = $0.0597 (6M FY09)
No of Shares = 1,941,334,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA