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The Hour Glass Group 1Q FY 2010 Net Profit Falls (06 Aug 09)

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  • Revenue: -6% (1Q10)
  • Net Profit: -19% (1Q10)
  • Press Release: Consumer sentiment remains largely bearish despite seeming improvement in Asian macroeconomic landscape
  • Outlook: The Group has continued to invest in enhancing its market leadership by adding new stores to its premium retail network and extending its brand and merchandise portfolio.
  • The Group will also be establishing Singapore’s first Hublot brand boutique at the upcoming Marina Bay Sands integrated resort.
  • In an effort to continue enhancing our brand and
    merchandising portfolio, The Hour Glass concluded its agreement to represent A. Lange & Sohne in Singapore.
  • Looking ahead, the Group expects to remain profitable in the next reporting quarter, as well as profitable for the rest of the year.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2010 105,019
2009 111,797 115,433 116,416 98,260 441,908
2008 122,024 115,483 132,236 120,028 489,768

FY 1H 2H Total
2007 182,190 227,005 409,195
2006 161,509 194,029 355,538
2005 149,601 185,532 335,133
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2010 4,748
2009 5,895 7,709 (7,076) 6,269 12,797
2008 5,548 6,786 8,210 9,987 30,530

FY 1H 2H Total
2007 5,164 13,480 18,644
2006 4,866 7,567 12,433
2005 3,625 5,076 8,701
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Dividends

FY Interim Final Special (SGD)

2009 NA 0.025 NA
2008 0.08 0.02 NA
2007 NA 0.0125 0.0975
2006 NA 0.0125 0.03125
2005 NA 0.0125 0.03125
2004 NA 0.0125 0.0625
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Bonus / Rights / Stock Split

Date Type Details
2008-02-14 Stock Split STOCK SPLIT OFFER OF 2 FOR 1
1993-09-27 Bonus OFFER OF 1 FOR 4
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Share Data (SGD)

NAV = $0.8261
EPS = $0.0205 (3M FY10)
No of Shares = 231,918,928
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA



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