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• Revenue: -25%
• Net Profit: -93%
• Outlook: The Group furniture businesses continue to stabilise as a result of the recovery in the economy.
• The property division ACT-Nobel continue to do well despite the global financial and economic crisis.
• The Group’s cluster development project, Ventura Heights at Astrid Hill and Braddell Heights bungalows which were launched in 2008 have achieved a take-up rate of more than 80% and 75% respectively.
• Despite difficult operating conditions, the Group’s performance should, barring any unforeseen circumstances, continue to be profitable for the second half of 2009.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1H 2H Total
2009 17,929
2008 23,969 20,395 44,364
2007 21,002 24,499 45,501
2006 19,577 21,920 41,497
2005 9,813 14,245 24,058
2004 NA NA 21,452
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Earnings (SGD '000)

FY 1H 2H Total
2009 23
2008 332 6 338
2007 7,660 1,601 9,261
2006 659 2,285 2,944
2005 1 283 284
2004 NA NA 75
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA NA NA
2007 0.04756 NA NA
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Bonus / Rights / Stock Split

Date Type Details
2007-11-01 Rights OFFER OF 1 FOR 2 @ $0.0738
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Share Data (SGD)

NAV = $0.1448
EPS = $0.0001 (6M FY09)
No of Shares = 165,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA