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• Revenue: -16.5% (4Q09), +12.3% (FY09)
• Net Profit: -88.2% (4Q09), -20.8% (FY09)
• Press Release: Growing services revenue drives gross profit margin to 38%; operations generate healthy cashflow of S$2.7 million
• Beefed up sales & marketing team and expanded capabilities prepare Group well for upturn in the industry
• Outlook: Barring any unforeseen circumstances, the Group remains cautiously optimistic about demand for rigging equipment in the offshore O&G sector over the next 12 months.
• The Group plans to increase our market share in testing, installation and certification services in Middle East and South East Asia.
• In the near future, the Group also plans to expand its business into the deep sea mooring system.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1H 3Q 4Q Total
2009 37,408 16,988 16,787 71,182
2008 27,162 16,127 20,102 63,392

FY 1H 2H Total
2007 18,472 23,361 41,833
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Earnings (SGD '000)

FY 1H 3Q 4Q Total
2009 3,016 1,675 307 4,998
2008 2,184 1,519 2,609 6,312

FY 1H 2H Total
2007 1,752 8,572 10,324
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Dividends

FY Interim Final Special (SGD)
2009 NA NA NA
2008 NA 0.01 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (SGD)

NAV = $0.232
EPS = $0.031 (12M FY09)
No of Shares = 160,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA