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• Revenue: +12.3% (3Q09), +1.1% (9M09)
• Net Profit: +11.7% (3Q09), -12.4% (9M09)
• Press Release: 3Q PBIT expanded 12 per cent to $232.7 million
• 3Q attributable profit rose 2 per cent to $118.0 million
• Resilient Food & Beverage recorded double‐digit profit growth
• Investment Property benefited from positive rental reversions and high occupancy rates
• Top‐seller of residential property units in Singapore
• Outlook: The Group has managed to remain profitable despite the significant challenges presented by the global economic downturn through effective cost management, strong market positions in resilient businesses in Food & Beverage and Investment Property, and progressive recognition of earnings from pre-sold properties.
• Strong property sales in the current year will enable the Group to continue recognising development earnings in the next 12 months.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 1,240,863 1,116,622 1,347,607
2008 1,319,874 1,143,150 1,200,034 1,288,333 4,951,391
2007 1,100,619 1,091,920 1,297,946 1,240,689 4,731,174
2006 955,676 833,299 916,480 1,090,104 3,795,559
2005 1,079,381 874,819 1,016,468 517,326 3,487,994
2004 NA NA NA NA 3,446,259
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 88,982 64,252 123,217
2008 108,599 96,644 110,285 119,161 435,827
2007 77,509 104,022 97,055 97,877 378,601
2006 68,643 62,779 75,442 112,661 319,525
2005 65,119 56,340 61,874 112,320 295,653
2004 NA NA NA NA 291,908
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Dividends

FY Interim Final Special (SGD)
2009 0.03
2008 0.05 0.085 NA
2007 0.05 0.085 NA
2006 0.20 0.08 NA
2005 0.20 0.35 NA
2004 0.20 0.35 NA
2003 0.20 0.30 NA
2002 0.15 0.20 NA
2001 0.09 0.21 NA
2000 0.09 0.09 NA
1999 0.08 0.08 NA
1998 0.08 0.08 NA
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Bonus / Rights / Stock Split

Date Type Details
2006-06-29 Stock Split STOCK SPLIT OFFER OF 5 FOR 1
2003-09-03 Stock Cancellation $2/CANCELLEDSH SGD 2 NET OF TAX
2003-09-03 Stock Cancellation $6.57/CANCEL SH SGD 6.57
2002-04-10 Capital Distribution CAPDIST SGD 0.8
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Share Data (SGD)

NAV = $3.86
EPS = $0.199 (9M FY09)
Diluted EPS = $0.198 (9M FY09)
No of Shares = 1,391,272,905
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA