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• Revenue: -84% (3Q09), -55% (9M09)
• Net Profit: -74% (3Q09), -77% (9M09)
• Outlook: Following the successful implementation of China’s RMB 4 trillion stimulus package, there was a respite for the steel mills.
• However, the fundamental issues of falling exports, soaring imports and concerns of oversupply remains unresolved in the steel industry.
• The Group will focus on prudent cost containment measures and effective cash flow management to prepare for the recovery in the long-run.
• The management has put in dedicated efforts to streamline its operations and implement cost control measures during this current economic turndown and shall continue to monitor its financial position closely.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 65,851 44,180 18,487
2008 44,310 130,553 113,320

FY 1H 2H Total
2008 217,610 174,682 392,292
2007 54,191 62,981 117,172
2006 13,604 20,221 33,825
2005 13,365 1,227 14,592
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 1,670 223 1,730
2008 1,977 6,927 6,677

FY 1H 2H Total
2008 5,186 8,774 13,960
2007 100 922 1,022
2006 3,230 (5,495) (2,265)
2005 4,860 (5,161) (301)
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Dividends

FY Interim Final Special (SGD)
NA
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Bonus / Rights / Stock Split

Date Type Details
2007-09-21 Rights OFFER OF 1 FOR 4 @ $0.11
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Share Data (SGD)

NAV = $0.041
EPS = $0.0007 (9M FY09)
No of Shares = 5,133,986,593
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA