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Lasseters Returns to Profitability with FY2009 net profit of AUD 3.5 million (26 Aug 09)

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  • Revenue: -30.97%
  • Net Profit: NM
  • Press Release: Continue to maintain solid cash position of AUD 10.4 million
  • Well positioned to capture growth opportunities in core business value
  • Outlook: Whilst the Group is leveraging on its casino asset to grow, the Board is also looking into various strategies and initiatives to turnaround its resorts accommodation and health retreat and spa operations in Cypress, predominantly in terms of revenue growth.
  • FY2010 remains a challenging year and economist are saying that while the worst could be over, recovery will also be sluggish.
  • The Group will continue to reassess its current portfolios to achieve greater costs efficiency and synergy, and target critical key performances indices as any unexpected swings could have an adverse impact in the current difficult market conditions.

FINANCIAL RECORDS

Revenue (AUD '000)

FY 1H 2H Total
2009 56,308 37,010 93,318
2008 70,840 64,351 135,191
2007 58,365 58,721 117,086
2006 45,000 43,798 88,798
2005 34,992 32,927 67,919
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Earnings (AUD '000)

FY 1H 2H Total
2009 9,280 (4,383) 4,897
2008 2,128 (36,219) (34,091)
2007 1,804 (3,754) (1,950)
2006 7,631 315 7,946
2005 3,379 5,644 9,023
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Dividends

FY Interim Final Special (SGD)

2009 0.0040 NA NA
2008 NA NA NA
2007 NA 0.0046 NA
2006 NA 0.0035 NA
2005 NA 0.0027 NA
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Bonus / Rights / Stock Split

Date Type Details

NA
-----------------------------------------------------------
Share Data (AUD)

NAV = $0.2388
EPS = $0.0205 (12M FY09)
No of Shares = 237,469,521
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA



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