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• Revenue: +53% (3Q09), +50% (9M09)
• Net Profit: +135% (3Q09), +77% (9M09)
• Press Release: Proposed an interim dividend of 1.5 Singapore cents per share for reported quarter adds to a total dividend payout of 2.75 cents per share for nine months, year to date.
• Earnings per share ("EPS") soared 137% year-on-year from 0.76 Singapore cents in 3Q FY2008 to 1.80 Singapore cents in 3Q FY2009
• More project milestones were completed during the period under review which resulted in a significant increase in revenue of 50% to S$97.09 million for 9M FY2009
• Progress on various projects submission are encouraging and the Group remains optimistic of its performance going forward
• Outlook: As of 30 July 2009, the Group has a total outstanding order book of $165 million (inclusive of revenue of $97.09 million recognized for 9M FY2009), comprising work-in-progress carried forward and new contracts secured that are slated for progressive delivery through to Q2 FY2010.
• Nevertheless, given the extent of the global credit crunch that has impacted the world‟s major economies, the Group remains alert to new challenges that may arise in its external environment.
• In view of the sizeable order book, current yard schedules and the expected completion of our expanded yard space and new in-house facilities in 2009, barring unforeseen circumstances the Group is anticipating a better performance for FY2009 compared to FY2008.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 31,721 25,124 40,240
2008 19,421 19,201 26,226 25,436 90,284

FY 1H 2H Total
2007 33,061 26,928 59,989
2006 27,035 43,499 70,534
2005 13,641 14,145 27,786
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 1,199 718 2,557
2008 (241) 1,687 1,088 1,273 3,807

FY 1H 2H Total
2007 2,517 456 2,973
2006 4,132 4,793 8,925
2005 638 1,368 2,006
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Dividends

FY Interim Final Special (SGD)
2009 0.0125+0.015
2008 0.005 0.010 NA
2007 0.010 0.005 NA
2006 NA 0.02 NA
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Bonus / Rights / Stock Split

Date Type Details
2007-10-31 Rights WARRANTS OFFER OF 1 FOR 2 @ $0.1
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Share Data (SGD)

NAV = $0.2067
EPS = $0.0314 (9M FY09)
Diluted EPS = $0.0314 (9M FY09)
No of Shares = 142,029,575
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA