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Avi-Tech Results Announcement for 4Q09 and FY09 (25 Aug 09)
- Revenue: -50.1% (4Q09), -57.8% (FY09)
- Net Profit: -29.6% (4Q09), -54.4% (FY09)
- Press Release: Posts revenue of $31.3 million and net profit of $5.4 million for FY09
- Gross margins and PBT margins improved to 33.5% and 21% respectively in FY09
- Maintained strong cash balance of $51.5 million
- Proposed final dividend payout of 0.5 cent per share for FY09
- Outlook: The Group expects the difficult economic climate to continue to pose a challenging operating environment for the Group.
- The Group's Burn-In and Related Services and Engineering Services and Board Manufacturing Related Products have and will continue to feel the impact of this current global slow down into the near future.
- The Group is continuing to take cost reduction measures while carefully maintaining capacity balance with demands of its customers and to stay competitive.
- The Group's focus and business strategies remain clear and it will continue to work closely with its customers to meet their quality and service expectations.
- The Group is confident to ride out the current economic downturn.
- With its healthy balance sheet, very low gearing and strong cash position, the Group remains alert to new growth opportunities and will explore and seize relevant business opportunities as and when they arise.
- The Group will continue to pursue more turnkey based engineering and system integration projects in various markets.
FINANCIAL RECORDS
Revenue (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 9,162 10,224 5,373 6,581 31,340
2008 21,661 21,956 17,455 13,195 74,267
2007 16,633 20,452 18,068 15,211 70,364
2006 NA NA NA NA 36,566
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Earnings (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 1,880 1,865 558 1,120 5,423
2008 3,953 3,718 2,632 1,592 11,895
2007 3,342 4,267 4,585 3,277 15,471
2006 NA NA NA NA 8,833
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Dividends
FY Interim Final Special (SGD)
2009 0.005 0.005 NA
2008 0.010 0.005 NA
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Bonus / Rights / Stock Split
Date Type Details
NA
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Share Data (SGD)
NAV = $0.1867
EPS = $0.0156 (12M FY09)
No of Shares = 345,220,096
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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