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Ocean Sky International reports 2QFY09 Results (14 Aug 09)
- Revenue: -30.5% (2Q09), -23.9% (1H09)
- Net Profit: NM (2Q09), NM (1H09)
- Outlook: The global economic conditions seem to have stabilized and are expected to improve in the coming months as evidenced in the reduction in inventory, a rise in purchasing managers’ index in certain countries and a general pick up in consumer confidence in the US.
- The Group would like to reiterate its commitment to building on its competitive position by focusing on its customers and products through innovation in service, products and processes.
- The Group’s track record and service excellence has continued to draw in new international customers such as Talbots, Costco and Esprit.
- The Group remains confident of its business fundamentals and strategies it has implemented since 2008 and is cautiously optimistic about its prospects for the rest of the financial year, barring unforeseen circumstances.
- Further to the announcement dated 8 April 2009 concerning the fire at one of the Group’s production units in Cambodia, the Board is pleased to report that it has begun the process of making the appropriate insurance claims.
FINANCIAL RECORDS
Revenue (USD '000)
FY 1Q 2Q 3Q 4Q Total
2009 50,096 41,969
2008 60,659 60,366 66,460 57,840 245,325
2007 59,179 60,523 70,821 63,541 254,064
2006 53,006 46,792 61,923 88,700 352,038
2005 NA NA 97,888 78,580 310,878
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Earnings (USD '000)
FY 1Q 2Q 3Q 4Q Total
2009 958 (2,057)
2008 2,338 462 (1,617) 224 1,407
2007 2,296 2,277 3,630 2,427 10,630
2006 1,908 1,245 2,791 3,868 11,517
2005 NA NA 2,567 2,258 9,033
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Dividends
FY Interim Final Special (SGD)
2009 NA
2008 NA NA NA
2007 0.008 0.008 NA
2006 NA 0.016 NA
2005 NA 0.012 NA
2004 NA NA NA
2003 NA 0.012 NA
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Bonus / Rights / Stock Split
Date Type Details
NA
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Share Data (USD)
NAV = $0.1364
EPS = $(0.0026) (6M FY09)
No of Shares = 424,795,053
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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