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KIAN ANN ENGINEERING LTD POSTS PROFIT OF S$11.5 MILLION FOR FY2009 DESPITE CHALLENGING GLOBAL ECONOMIC CONDITIONS (27 Aug 09)

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  • Revenue: -19.48% (4Q09), -10.25% (FY09)
  • Net Profit: -57.27% (4Q09), +3.48% (FY09)
  • Outlook: General market conditions and sentiments have picked up slightly and the Group is cautiously optimistic of the outlook of the economies in South East Asia.
  • Demand for the Group’s products also appears to be more stable.
  • However, the Group expects the challenging operating environment to persist.
  • Nonetheless, the Group will continue to focus on remaining competitive.
  • The Group will continue to position the Group for long-term growth, continued industry leadership and global competitiveness.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1H 3Q 4Q Total

2009 73,628 28,383 32,793 134,804

FY 1H 2H Total
2008 74,260 75,938 150,198
2007 60,855 68,677 129,532
2006 56,243 57,218 113,461
2005 59,578 53,170 112,748
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Earnings (SGD '000)

FY 1H 3Q 4Q Total
2009 5,637 4,544 1,322 11,503

FY 1H 2H Total
2008 5,272 5,844 11,116
2007 4,526 5,170 9,696
2006 3,745 3,703 7,448
2005 2,890 3,904 6,794
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Dividends

FY Interim Final Special/Bonus (SGD)
2009 0.0020 0.0050 NA
2008 0.0025 0.0045 NA
2007 0.0060 0.0045 0.0854
2006 NA 0.006 NA
2005 NA 0.005 0.001
2004 NA 0.005 NA
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Bonus / Rights / Stock Split

Date Type Details

2007-08-20 Rights OFFER OF 1 FOR 2 @ $0.14
1999-11-23 Bonus OFFER OF 1 FOR 1
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Share Data (SGD)

NAV = $0.2721
EPS = $0.0263 (12M FY09)
No of Shares = 438,098,928
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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