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• Revenue: +49.4% (1Q10)
• Net Profit: +68.3% (1Q10)
• Outlook: Despite growing optimism of a global economic recovery, the Group remains cautious on the challenges and difficulties of the global operating environment for the remainder of FY2010.
• The Group’s healthy net cash position of $145.2 million, coupled with an order book backlog of $525 million, has placed the Group in a reasonably positive position.
• Within the last month, the Group has been awarded S$42 million in contracts.
• The recent contracts may be reflective of the beginning of a slow recovery.
• The Group will continue to deliver good financial results in FY2010 although it is not likely to repeat its record net profit in FY2009.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2010 118,920
2009 79,587 130,959 114,646 191,433 516,625
2008 89,768 116,411 106,921 125,179 438,279

FY 1H 2H Total
2007 139,717 204,145 343,862
2006 157,624 131,642 289,266
2005 NA NA 227,224
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2010 9,475
2009 5,630 9,538 10,245 34,700 60,113
2008 9,171 16,806 7,308 18,202 51,487

FY 1H 2H Total
2007 7,938 27,307 35,245
2006 15,941 8,950 24,891
2005 NA NA 14,900
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Dividends

FY Interim Final Special (SGD)
2009 0.015 0.025 NA
2008 0.03 0.050 0.02
2007 0.02 0.045 NA
2006 0.01 0.01 NA
2005 0.01 0.01 0.01
2004 NA 0.015 NA
2003 NA 0.015 NA
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Bonus / Rights / Stock Split

Date Type Details
2008-08-18 Entitlement SUB-DIVISION OFFER OF 2 FOR 1
2006-02-23 Bonus 400ECFOR1000BOU
2006-02-23 Bonus 400ECFOR1000BOU SGD 0.031 NET OF TAX
2000-02-08 Stock Split STOCK SPLIT OFFER OF 4 FOR 1
1999-06-29 Rights 3SH3WT/10SH OFFER OF 3 FOR 10 @ $1.03
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Share Data (SGD)

NAV = $0.401
EPS = $0.0187 (3M FY10)
Diluted EPS = $0.0187 (3M FY10)
No of Shares = 506,245,524
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA