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• Revenue: +1.8% (4Q09), +7.0% (FY09)
• Net Profit: -28.1% (4Q09), +50.3% (FY09)
• Press Release: Sales Volumes up 16.1% to 5.72 million tonnes, with growth from all four segments
• Net Contribution (NC) up 15.9% to S$600.8 million, with growth from all four segments.
• Net Profit After Tax (NPAT) up 50.3% to S$252.0 million. Excluding one-off, non-recurring items in FY2009 and FY2008, NPAT grew 20.9% to S$182.2 million.
• EPS up 43.1% to 14.7 cents
• Board recommends First & Final dividend of 3.5 cents per share (FY2008: 2.5 cents).
• Outlook: During the period, the Company announced a number of acquisitions and joint ventures.
• The completion of these transactions is subject to certain closing conditions and approvals from relevant authorities.
• As such, the outcome of these transactions is uncertain until these conditions and approvals are met or have been granted.
• The Group continues to expect trading conditions to remain difficult over the course of 2nd Half of 2009 with a concurrent recession or slow down across both OECD and emerging economies.
• Of the 20 products in its portfolio, 16 are primary food raw materials and demand for these products is reasonably resilient to recessionary conditions.
• The remaining 4 industrial raw material products i.e. Wood Products, Cotton, Wool and Rubber are more recession sensitive and this segment is expected to underperform till the time the economic outlook and demand pick up.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 1,721,564 2,211,825 2,322,357 2,450,618 8,726,384
2008 1,381,341 1,955,850 2,409,128 2,406,116 8,152,435
2007 906,025 1,468,165 1,587,541 1,515,903 5,477,633
2006 718,141 1,208,402 1,428,081 1,023,153 4,377,777
2005 497,626 962,677 1,104,351 813,418 3,374,955
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 14,926 103,395 87,026 46,679 252,029
2008 9,220 37,853 55,748 64,883 167,703
2007 8,092 30,077 40,342 30,536 109,047
2006 6,535 24,113 31,251 25,333 87,232
2005 3,725 18,878 24,907 18,400 65,910
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Dividends

FY Interim Final Special (SGD)
2009 NA 0.0350 NA
2008 NA 0.0250 NA
2007 NA 0.0175 0.0175
2006 NA 0.0150 0.0150
2005 NA 0.0108 0.0108
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (SGD)

NAV = $0.5284
EPS = $0.1471 (12M FY09)
Diluted EPS = $0.1238 (12M FY09)
No of Shares = 1,715,894,324
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA