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• Revenue: +68.2% (2Q09), +50.8% (1H09)
• Net Profit: +64.6% (2Q09), +40.5% (1H09)
• Outlook: The Group expects the current uncertain operating conditions to remain difficult.
• This may lead to lower demand for offshore support vessels and utilization of our fleet.
• Charter rates are likely to remain soft.
• The Group will continue to take a cautious approach and focus on improving operational efficiencies.
• As at 30 June 2009, the Group has taken delivery of 5 vessels under its fleet renewal and expansion program.
• A further 9 vessels are expected to be added to the fleet for the rest of the financial year and these additions are expected to enhance the Group’s fleet mix and contribute to the Group’s performance.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 14,043 19,891
2008 10,677 11,828 14,331 16,092 52,928
2007 7,324 7,365 7,597 8,872 31,158

FY 1H 2H Total
2006 10,491 14,838 25,329
2005 7,193 6,697 13,890
2004 NA NA 8,529
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 5,432 9,415
2008 4,850 5,721 7,171 5,850 23,591
2007 4,564 27,600 7,020 1,022 40,206 (Incl. Gain on disposal of financial assets)

FY 1H 2H Total
2006 2,707 10,007 12,714
2005 6,424 6,056 12,480
2004 NA NA 3,872
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA 0.01 NA
2007 0.03 0.002 0.008
2006 NA 0.002 0.008
2005 NA 0.002 0.008
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (SGD)

NAV = $0.72
EPS = $0.0753 (6M FY09)
Diluted EPS = $0.0752 (6M FY09)
No of Shares = 197,208,717
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA