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PARKWAY ACHIEVES STRONG REVENUE AND NET OPERATING PROFIT IN Q2 2009 (13 Aug 09)
- Revenue: +10% (2Q09), +7% (1H09)
- Net Profit: +42% (2Q09), +29% (1H09)
- Press Release: Strong quarterly group revenue for Q2 2009 of $258.6m - an increase of 10% over Q2 2008
- Singapore Operations Q2 2009 revenue increased 2% to $163.4m
- International Operations Q2 2009 revenue soars 25% to $95.2m
- Q2 2009 net profit excluding exceptional items jumps 8% to $30.1m
- International hospital operations and healthcare services deliver strong performance
- Outlook: In Singapore, the Group expects a gradual resurgence of foreign patients in the second half of this year and continued demand for its 40 medical packages.
- In International markets, demand for premier healthcare in Malaysia, India and China will continue to drive the Group’s growth.
- The Group is cautiously optimistic about the operating environment in the second half of 2009.
FINANCIAL RECORDS
Revenue (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 237,783 258,554
2008 228,744 236,103 239,352 241,187 945,386
2007 192,678 221,611 222,806 232,587 869,682
2006 224,035 228,655 235,825 179,489 868,004
2005 103,610 112,671 118,817 217,867 563,616
2004 NA NA NA 104,493 407,832
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Earnings (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 21,285 40,303
2008 19,532 28,347 10,174 (21,134) 34,829
2007 21,368 25,384 224,555 26,652 297,959 (Inc. Divestment gain)
2006 15,418 6,604 18,495 14,766 55,283
2005 13,541 15,803 14,959 17,666 61,969
2004 NA NA NA 13,050 50,463
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Dividends
FY 1Q 2Q 3Q Final Special (SGD)
2009 NA NA
2008 0.0123 0.0123 0.0075 NA NA
2007 0.015 0.02 0.02+0.1345 (Special) 0.0451 NA
2006 0.o15 0.02 0.02+0.1125 (Special) 0.055 NA
2005 0.015 0.02 0.02 0.05 NA
2004 0.015 0.015 0.015 0.045 NA
2003 NA 0.02 NA 0.04 NA
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Bonus / Rights / Stock Split
Date Type Details
2007-08-03 Offer PARKWAYLIFEREIT OFFER OF 1 FOR 20 @ $1.28
2006-11-08 Rights OFFER OF 1 FOR 20 @ $1.8
2001-03-07 Bonus OFFER OF 1 FOR 1
2001-03-07 Cash Distribution CASHD $0.25/SH
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Share Data (SGD)
NAV = $1.24
EPS = $0.0546 (6M FY09)
Diluted EPS = $0.0546 (6M FY09)
No of Shares = 1,127,812,284
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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