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PSL reports 1H FY09 Results (13 Aug 09)
- Revenue: -28%
- Net Profit: -14%
- Outlook: In view of the slow down in construction activity, the Group has been operating in very competitive environment facing declining profits margins for new projects that it tenders for amidst fewer available projects, thereby negatively affecting its revenue.
- As such, the Group will not be able to achieve a similar level of profitability as compared to FY 2008.
- Nonetheless, the Group is still expected to be profitable despite the unfavourable economic conditions in FY2009, barring unforeseen circumstances.
FINANCIAL RECORDS
Revenue (SGD '000)
FY 1H 2H Total
2009 28,565
2008 39,518 44,204 83,722
2007 18,925 34,099 53,024
2006 10,388 14,686 25,074
2005 9,823 11,657 21,480
2004 NA NA 17,791
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Earnings (SGD '000)
FY 1H 2H Total
2009 4,131
2008 4,807 8,320 13,127
2007 1,422 5,462 6,884
2006 442 1,812 2,254
2005 (299) (1,208) (1,507)
20045 NA NA (3,556)
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Dividends
FY Interim Final Special (SGD)
2009 NA
2008 0.0050 0.0050 NA
2007 0.0055 NA NA
2006 NA 0.0025 NA
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Bonus / Rights / Stock Split
Date Type Details
NA
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Share Data (SGD)
NAV = $0.2289
EPS = $0.03 (6M FY09)
No of Shares = 137,500,000
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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