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• Turnover for 1H 2008 increased by $14.4 million or 6% over the corresponding period last year.
• In 1H 2008, the Group’s PATMI fell by $11.5 million or 63% as compared to the corresponding period last year mainly due to the exceptional gain from the sale of the office property and warehouse in Hong Kong in 1H 2007.
• With anticipated increases in the cost of raw materials and fuel, coupled with strengthening of the Singapore dollar against the Hong Kong dollar and uncertainties in the US market, the Group expects operating profits and earnings to be less than that in FY2007.

FINANCIAL RECORDS

Revenue (SGD '000)

Yr 1Q 2Q 3Q 4Q Total
2008 111,654 130,112
2007 97,380 129,952 160,873 129,079 517,284
2006 89,872 111,818 142,322 110,581 444,593
2005 76,666 106,241 140,269 109,706 432,882
2004 NA NA NA 64,022 375,773
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Earnings (SGD '000)

Yr 1Q 2Q 3Q 4Q Total
2008 770 5,986
2007 2,314 15,934 6,992 4,074 29,314
2006 10,079 3,043 3,917 4,035 21,074
2005 (1,546) 2,858 6,257 7,619 15,188
2004 NA NA NA 3,843 10,145
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Dividends

FY Interim Final Special (SGD)
2008 NA
2007 NA 0.05 NA
2006 NA 0.05 NA
2005 NA 0.05 NA
2004 NA 0.04 NA
2003 NA 0.04 NA
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Bonus / Rights / Stock Split

Date Type Details
04-03-02 Share Offer 90HM/1000 SH
95-09-21 Rights OFFER OF 3 FOR 10 @ $0.3
94-05-27 Bonus OFFER OF 1 FOR 2
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Share Data

NAV = $1.29
EPS = $0.0573 (6M FY08)
Diluted EPS = $0.0567 (6M FY08)
No of Shares = 117,370,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
Phillip Hold $1.31 22 Apr 08