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CosmoSteel’s reports 1HFY09 Results (06 May 09)
- Revenue: +102.6%
- Net Profit: +121.6%
- Outlook: The continuing global economic and financial crisis dampens demand for the products in the industries that the Group serves.
- Steel and energy prices have spiralled downwards due to unfavourable demand conditions.
- This inevitably creates pressure on the selling prices and profit margins.
- The credit environment remains stringent and the Group may be faced with both higher financing costs and operations rigidity.
- In view of the uncertainties and mounting challenges ahead, the Group will exercise increased prudence in managing the business.
FINANCIAL RECORDS
Revenue (SGD '000)
FY 1H 2H Total
2009 85,888
2008 42,387 64,379 106,766
2007 30,225 42,158 72,383
2006 NA NA 55,868
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Earnings (SGD '000)
FY 1H 2H Total
2009 9,349
2008 4,218 5,492 9,710
2007 3,476 4,117 7,593
2006 NA NA 6,077
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Dividends
FY Interim Final Special (SGD)
2009 NA
2008 NA 0.005 NA
2007 NA 0.010 NA
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Bonus / Rights / Stock Split
Date Type Details
NA
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Share Data (SGD)
NAV = $0.2967
EPS = $0.0531 (6M FY09)
No of Shares = 176,200,000
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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