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SMB UNITED ACHIEVES 1H09 NET PROFIT OF $9.1 M (13 Aug 09)

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  • Revenue: -14.8% (2Q09), -13.5% (1H09)
  • Net Profit: -24.2% (2Q09), -18.8% (1H09)
  • Press Release: Despite the weak economy, SMB’s 2Q09 turnover up 35.4% over 1Q09
  • 2Q09’s net profit of $6.5 M represents a 147% jump over 1Q09
  • Outlook: While the world economy is improving progressively, with Asia leading the pace of recovery, the business environment still remains challenging.
  • Nonetheless, given the uptrend in the macro-economic indicators globally, the SMB Group, with its global market presence, expects demand for its products and services to be resilient.
  • In particular, SMB's two key growth drivers, the Switchgear and Power & Technology divisions are well positioned to take advantage of the economic recovery to grow the business further.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 41,065 55,604
2008 46,459 65,300 52,280 49,308 213,347
2007 28,901 47,931 50,183 64,561 191,576

FY 1H 2H Total
2006 83,310 85,099 168,409
2005 65,049 83,419 148,468
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 2,620 6,470
2008 2,657 8,541 1,917 448 13,563
2007 (1,013) 9,909 8,727 1,993 19,616

FY 1H 2H Total
2006 3,871 3,816 7,687
2005 2,659 4,030 6,689
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Dividends

FY Interim Final Special (SGD)

2009 NA
2008 NA 0.0100 NA
2007 0.013 0.014 NA
2006 NA 0.013 0.005
2005 NA 0.013 NA
2004 NA 0.012 NA
2003 NA 0.014 NA
2002 NA 0.012 NA
2001 NA 0.005 NA
2000 0.003 0.003 NA
1999 0.003 0.0055 NA
1998 0.0025 0.005 NA

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Bonus / Rights / Stock Split

Date Type Details
NA

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Share Data (SGD)

NAV = $0.254
EPS = $0.0189 (6M FY09)
No of Shares = 479,752,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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