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• Revenue: +10% (2Q09), +35% (1H09)
• Net Profit: -15% (2Q09), +32% (1H09)
• Press Release: Enjoys continued contributions from sales of residential and business space properties
• Reports steady growth in rental income with 38% rise to S$6.6 million
• Well-placed for new growth opportunities after raking in S$207 million in new sales
• Outlook: In spite of the better sentiment, the Group will remain vigilant to changes in business and consumer sentiment, given the expectations of a sluggish and modest economic recovery in the second half of the year.
• Soilbuild will focus on marketing its unsold units and completing the substantially sold residential and business space projects while actively marketing its investment properties for lease to further strengthen its recurrent income base.
• Looking ahead, the Group will seek new growth opportunities, such as developing its fee-based income by drawing from its property development expertise.
• Barring unforeseen circumstances, the Directors expect the Group to remain profitable this year with the progressive recognition of revenue from the sold residential and business space property units, and the growing full-year rental contribution from its leased business space properties.

FINAN IAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 64,695 96,865
2008 31,668 88,002 68,369 49,977 238,016
2007 28,826 16,080 26,378 34,200 105,484

FY 1H 2H Total
2006 39,263 73,469 112,732
2005 29,971 62,165 92,136
2004 NA NA 79,505
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 19,108 19,678
2008 6,213 23,068 15,347 30,543 75,171
2007 6,216 22,475 4,571 19,121 52,383

FY 1H 2H Total
2006 (2,342) 9,474 7,132
2005 (1,062) 4,860 3,798
2004 NA NA 5,970
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA 0.0200 0.0200
2007 NA 0.0150 0.0150
2006 NA 0.0075 0.0125
2005 NA 0.0100 NA
2004 NA NA NA
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Bonus / Rights / Stock Split

Date Type Details
2008-09-25 Rights 1RS3WT/10SH OFFER OF 1 FOR 10 @ $0.75
2006-06-23 Rights OFFER OF 2 FOR 5 @ $0.2
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Share Data (SGD)

NAV = $1.0449
EPS = $0.1785 (6M FY09)
Diluted EPS = $0.1670 (6M FY09)
No of Shares = 217,297,422
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA